- statementofbudgetedcostofgoodsmanufacturedThetermstandardcostusuallyreferstothecostofasinglefinishedunitofoutput.Incontrast,thetermbudgetedcostusuallyreferstoatotalamount.Theprocessforprioritizingandselectingprojectsshouldgobeyondfinancialobjectives,...
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- Theybudgetedforbuyinganewcar.Usingthisestimatingequation,themanagercanpredictwhattheannualprofitwillbefromtheamountbudgetedforresearch.Itisamissedopportunityfinanciallybutithasnoeffectonbudgetedperformance,andthat'sthekeything.Basedonthedepartmentbu...
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