Life-cycle budgeting differs from life-cycle costing in that

Question 29Select one:

a.

budgeting includes revenues, and costing includes only the costs.

b.

budgeting includes revenues and costs, and costing includes only the costs.

c.

budgeting is for the development and production of a product while costing is for only the production activities.

d.

budgeting includes all products of a company and costing is only for individual products.

e.

budgeting is for one accounting period and is a total dollar concept while costing is a per unit concept.