The quantitative expression of decided plan and coordination, for plan implementation is known as __________?
Correct answer: D. budgetGet Executive Coaching
- A. cost format
- B. decided plan
- C. coordination plan
- D. budgetGet Executive Coaching
Explanation
A budget converts a plan into quantified amounts, such as expected revenues, costs, and resources, and helps coordinate its implementation. The other options are not standard terms for a quantified plan.
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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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