Patrick prepared a production budget for a 6-month period for Hshell Corporation (or Inc.) At the end of the current month, Patrick revises the budgeted beginning inventory of the next month with an actual ending inventory of the current month. Which type of budget Patrick using?

Question

Quizplus · Accepted Answer

A rolling budget is initially prepared for a fixed period and updated frequently, for example by using the ending balance of current month to update the beginning balance of the next month.

Patrick Prepared a Production Budget for a 6-Month Period for Hshell