Which of the following is an advantage of using actual input data from past periods to develop a budget?
A) Past inefficiencies are excluded in the preparation of new budget.
B) Expected future changes are incorporated in the preparation of new budget.
C) Information is available at a low cost.
D) Data represents the ideal performance.

Question

Quizplus · Accepted Answer

Using actual input data from past periods is cost-effective because the information is readily available and does not require additional resources to gather.

Which of the Following Is an Advantage of Using Actual