What is the name of the budget that remains accessible throughout a designated future timeframe?

Multiple choice question for Master Budget and Responsibility Accounting. Select an option, then review the explanation below.

Explanation

A period budget refers to a budget for a fixed time, a batch budget is for a specific group of items, and a discontinued budget is one that is no longer in use. A rolling budget, also known as a continuous budget, is constantly updated and always available for a set future period.

Practice related questions from the same subject.

1.Which budgeting approach integrates expected enhancements during the budgeting timeframe into the budget figures?
2.Which section of the master budget includes the capital expenditure plan, the projected cash flow statement, and the forecasted balance sheet?
3.What is the third stage in the process of preparing an operating budget?
4.Given that indirect labor costs amount to $20,000, power expenses are $5,000, and maintenance plus supplies cost $10,000, what is the total manufacturing budget?
5.What is the final phase in the process of creating an operating budget?

What is the name of the budget that remains accessible throughout a designated future timeframe?

Explanation

More Master Budget and Responsibility Accounting MCQs