Control of discretionary costs can be effected before an event by the use of budgets or
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Control of discretionary costs can be effected
• before an event by the use of budgets or by treat¬ ing them as engineered costs if they are associ¬ ated with repetitive activities.
• during an event by comparing budgets to actual expenditures.
• after an event by calculating variances for engi¬ neered costs. LO.1
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Related Book For
Cost Accounting Foundations And Evolutions
ISBN: 9780324235012
6th Edition
Authors: Michael R. Kinney, Jenice Prather-Kinsey, Cecily A. Raiborn
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