hi all!!! i'm oursuing CWA. i had a doubt in budget costing.... is budget cost is estimated cost or something else.... pl help me in this regard....
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Budget cost
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budjet cost is nothing but estimated cost........some are call it as plan figures ....... antony for this is actual cost
it means estimating feature expenses or cost. The budgeted cost may exceed or less also.
yes its estimated cost and nothing more then that
Budget is nothing but future projection of figures based on actuals already achieved
Budget cost is based on Estimation and according to the business plan. Some may not even based on actuals. For some even zero base budgeting will be there. For eg some expenditure will have a cap in the next year budget irespective of the previous year actuals.
The Estimated cost is also used for budgeting.
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