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difference between budgets and standatd costing
what is the main difference between budgets and standatd costing??
Replies (1)
I think budget is wide term which is used for costing as well as revenue...
while standard costing is narrow concept..
moreover standard costing is generally used for one unit of product but budget is used for bulk...
while standard costing is narrow concept..
moreover standard costing is generally used for one unit of product but budget is used for bulk...
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