The budget plan in many companies is also referred as ___________?
Correct answer: C. profit plan
- A. cost plan
- B. sales plan
- C. profit plan
- D. marketing planStrategic Planning
Explanation
A comprehensive budget plan is often called a profit plan because it coordinates expected revenues, costs, and the resulting profit. A sales plan or cost plan covers only one part of the overall budget.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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