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Sir in static co DEC 2016 question, their is a requirement to prepare a rolling budget for the next 4 quarters.
1) Sir in this question while calculating GP margin, distribution cost actual results are being considered. Why we can’t consider budgeted figures?
2) Fixed administration cost is considered based on actual results. As it is fixed won’t we take budgeted administration cost?
3) Whenever we will prepare rolling budget, will we always prepare it on the basis of actual results?I must ask again if you have actually watched all of my lectures?
The question says that Q1 has just finished, and you are asked for a budget for the next 4 quarters.
With a rolling budget we take the previous budget and adjust for any changes in the previous quarter. So….for things that changed in Q1, they change the original budget for the next 4 quarters.
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