The type of budget, which is always available for the specified period of future is called __________?
Correct answer: D. continuous budget
- A. period budget
- B. batch budget
- C. discontinued budget
- D. continuous budget
Explanation
A continuous, or rolling, budget is continuously updated so that a specified future period remains covered as each period ends. A discontinued budget does not provide this ongoing coverage.
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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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