When actual input data from past periods is used to develop a budget:
A)past inefficiencies are excluded
B)expected future changes are incorporated
C)information is available at a low cost
D)audited financial information must be used

Question

Quizplus · Accepted Answer

Using actual input data from past periods to develop a budget provides readily available information at a low cost, as it utilizes existing data without the need for extensive new data collection or auditing.

When Actual Input Data from Past Periods Is Used to Develop