difference between budgets and standatd costing
MALAV PATEL (27 Points)
12 March 2018
what is the main difference between budgets and standatd costing??
1 Replies
gopal
(future smart stupid)
(293 Points)
Replied 12 March 2018
I think budget is wide term which is used for costing as well as revenue...
while standard costing is narrow concept..
moreover standard costing is generally used for one unit of product but budget is used for bulk...
while standard costing is narrow concept..
moreover standard costing is generally used for one unit of product but budget is used for bulk...
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