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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Cost Accounting Foundations And Evolutions

ISBN: 9780324235012

6th Edition

Authors: Michael R. Kinney, Jenice Prather-Kinsey, Cecily A. Raiborn

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