COST ACCOUNTING PROBLEMS
🔰PRODUCTION BUDGET PROBLEM
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BUDGET AND BUDGETORY CONTROL
(BUDGET AND BUDGETARY CONTROL) 🔰👉BUDGET A budget is a financial plan that outlines projected income and expenses over a specific period of time. It is a tool used to manage finances, make informed decisions, and achieve financial goals. 🔰👉BUDGETORY CONTROL Budgetary control is a system of management control that uses budgeting as a tool to achieve organizational objectives. It involves setting budgets, monitoring actual performance, and taking corrective action to ensure that the organization stays on track. 🔰CONTROLLING COST THROUGH BUDGETING🔰 Controlling costs through budgeting involves setting financial goals, planning expenses, and regularly monitoring actual spending against the budget to identify and address any variances, ensuring financial stability and achieving profitability. Controlling costs through budgeting involves setting financial targets and monitoring actual performance against those targets. Here are the steps to control costs through budgeting...
