Which of the Following Is True of a Performance Report

Which of the following is true of a performance report?

A) In preparing a performance report, static budgets are usually a good choice for benchmarks.
B) It compares actual costs with budgeted costs from the master budget.
C) It is prepared only if the top management has only superficial participation in the budgeting process.
D) To create a meaningful performance report, a static budget should be used.
E) To create a meaningful performance report, actual costs and expected costs should be compared at different levels of activity.