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| Which of the following statements about a fixed budget is/are correct? A fixed budget is： (i) A budget which is most generally used for planning purposes (ii) A budget for a single level of activity (iii) A budget for fixed costs (iv) A budget which uses the principles of marginal costing A (i) only B (i) and (ii) C (ii) and (iii) D (i), (ii) and (iv) |