Managers use actual input data from past periods because this historical data can be analyzed for trends or patterns to obtain estimates of budgeted prices.

Name: Managers use actual input data from past periods because this historical data can be analyzed for trends or patterns to obtain estimates of budgeted prices.
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Question

Quizplus · Accepted Answer

Managers often rely on historical data to make budgeting decisions as it provides insight into trends and patterns that can help to estimate future costs and prices.

Managers Use Actual Input Data from Past Periods Because This