The compelling strategic plan, promoting coordination and providing framework of performance are ___________?
Correct answer: A. advantages of budget
- A. advantages of budget
- B. disadvantages of budget
- C. advantages of costing method
- D. disadvantages of costing method
Explanation
A budget can provide a strategic framework, promote coordination, and establish a basis for evaluating performance, so these are advantages of budgeting. They are not features of a costing method.
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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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