Standard costing & Budgetary control - Limitations

Q.  Which of the following statements are true about standard costing & budgetary control?
- Published on 09 Sep 15

a. The budgetary control at finances, production and sales is almost a necessity for best use of Standard Costing
b. Standard costing can be applied to each concern whereas budgetary control is limited to manufacturing concerns
c. Both a and b
d. None of the above

ANSWER: The budgetary control at finances, production and sales is almost a necessity for best use of Standard Costing

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