Cost Accounting, Student Value Edition (15th Edition)
Cost Accounting, Student Value Edition (15th Edition)
15th Edition
ISBN: 9780133428858
Author: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
Publisher: PEARSON
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Chapter 6, Problem 6.12Q
To determine

Budgeting:

The budgeting is a process of preparing budgets and the evaluation of it to see whether the budget is able to meet the objectives set by the company. This is a complete process which helps in understanding the spending of money in accordance with the income.

To explain: The way in which non-output based cost drivers can be incorporated into budgeting.

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