54. The type of budget that is continually updated to add a new budget period as the most recent budget period is completed is called a(n) a. activity-based budget. b. flexible budget. c. rolling budget. d. zero-based budget. 55. A construction company has an annual master budget that shows straight-line depreciation expense of $516,000 for the year. The master budget shows a production volume of 206,400 units and production is expected to occur uniformly throughout the year. The capacity for the facility is 215,000 units. During February, the company produced 16,340 units of product and actual depreciation expense recorded was $40,500. The company controls manufacturing costs with a flexible budget. The flexible budget amount for depreciation expense for March would be a. $39,216. b. $40,500. c. $40,850. d. $43,000.

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