The continuous budget is also known as ________?
Correct answer: A. rolling budget
- A. rolling budget
- B. pin budget
- C. specific budget
- D. past budgetAccounting & Auditing
Explanation
A continuous budget is updated regularly by adding a new future period as the current period ends, so it is also called a rolling budget. This keeps the planning horizon continuously extended.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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