Which of the following statements regarding budget reports is incorrect?
The

cost of budget reports should not outweigh the benefits.

Budget reports are used for planning, control, and information.

Reports prepared for upper management typically have fewer details than reports prepared for lower level managers.

Reports are prepared more frequently for upper management than for lower level managers. 

 A static budget _____.

should not be prepared in a company

is useful in evaluating a manager’s performance by comparing actual variable costs and planned variable costs

shows planned results at the original budgeted activity level

is changed only if the actual level of activity is different from what is originally budgeted

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