How does a continuous budget work? Is a rolling budget the same thing?

Q: a standard

A: A budget usually refers to a department's or a company's projected revenue, costs, or expenses. A…

Q: What is the difference between a static budget and a flexible budget?

A: The question has covered the concept of Static Budget and Flexible Budget. That is discussed below,…

Q: What is continuous budgeting?

A: Continuous budgeting refers to when a budget of a month ends, immediately the succeeding month…

Q: Why might a rolling budget require more management participation than an annual budget?

A: Budget: It is an estimated and effective way of the utilization of funds for the financial control…

Q: the advantages and limitations of an annual budgeting system

A: The advantages of annual budgeting system are- 1) It provides a sense of orientation for planning…

Q: What is a flexible budget? Explain? Give example?

A: Budgeting is a process to prepare the financial statement by the manager to estimate the…

Q: How do flexible budgets differ from static budgets?

A: Flexible Budgets: Flexible budgets are prepared for various levels of activities or outputs. This…

Q: What are the benefits of making an operating budget?

A: Operating Budget: The operating budget is that budget which is prepared to plan all the operating…

Q: What is the difference between an imposed budget and a participatory budget? Define and explain a…

A: Introduction A budget is a financial statement that the management develops to evaluate the…

Q: budget flexed? Give an Example.

A: Flexing of budget is a method used to prepare estimates of the future level of revenues and…

Q: difference between a flexible budget and a static budget?

A: A budget can be defined as an estimation or forecast of the income, revenue, and expenses for a…

Q: What is a flexible budget and how does it differ from a static planning budget?

A: A flexible budget is a budget which can be adjusted to changes in volume or activity on which budget…

Q: What are the characteristics and importance of the budget?

A: In the context of the given question, we are required to explain the characteristics and importance…

Q: Describe the steps in developing a flexible budget.

A: Flexible Budget: Flexible budget is a financial plan prepared for a particular period of time on…

Q: uses and advantages of budget?

A: The budget represents the estimation of the expenses to be incurred and revenue to be earned by the…

Q: What is a static planning budget?

A: Budget:   It is a statement of revenues and expenditures to be incurred by the company for a…

Q: What is the advantage of using a flexible budget?

A: Budget is prepared at the start of the year so as to estimate the cost of producing any product that…

Q: Define static budget.

A: Budget is a estimation of revenue and expenses for a future period of time

Q: Define the term sales budget.

A: A sales budget provides an estimate of the volume of goods and services that a company proposes to…

Q: What is a fixed budget

A: Budget: A budget is a forecast of revenue and expenses for a specific future period of time that is…

Q: How does a flexible budget based on two cost drivers differ from a flexible budget based on one cost…

A: Flexible Budget: A flexible budget is a budget that is prepared for different levels of the output.…

Q: How is a flexible budget used?

A:

Q: Why use a flexible budget?

A: Flexible Budget: A flexible budget is a budget that is prepared for different levels of the output.…

Q: Define rolling budget. Give an example.

A:

Q: Explain the relationship between a simple budget and a flexible budget.

A: Budgeting Budgeting is an important tool which are used for the management of the entity to evaluate…

Q: What is an operating budget?

A:

Q: How does a flexible budget based on two cost drivers differ from a flexible budget based on asingle…

A: Flexible budget is the estimated amounts in the business which can be adjusted to reflect any…

Q: What is the difference among a master budget, pro forma budgets, and a flexible budget?

A: A budget is a financial plan that is prepared by all organizations for a particular period. The…

Q: What are the different benefits of rolling budget?

A:

Q: What is the key difference between a static budget and a flexible budget?

A:

Q: Is the budgeted price used for the static budget or the flexible budget?

A: Budget: A budget is an estimation to determine the income that will be earned and expenses that will…

Q: What is a flexible budget performance report?

A:

Q: What is Zero-based Budget?  What is static and Flexible Budgets?

A:

Q: A budget that adjusts to the changes in volume of production or output is called production budget.

A: FALSE.

Q: All budgets depend on the sales budget. Is this true? Explain.

A: The sales budget is used in order to anticipate future revenues of the company that depends on…

Q: Can you explain what a rolling budget is?

A: Budget:   A budget is a statement of expected revenues and expenditures of the business for a…

Q: since flexible budget is more accurate in measuring performance, can company just develop flexible…

A: A static budget is the starting point for the company. When the business term is six months, for…