Which of the following is a basic element of effective budgetary control a Cost behavior patterns b Cost volume profit analysis c Standard costing d All of the above ...

Which of the following is a basic element of effective budgetary control? a. Cost behavior patterns b.

Question:

Which of the following is a basic element of effective budgetary control?
a. Cost behavior patterns
b.
c. Standard costing
d. All of the above
Cost Volume Profit Analysis
Cost volume profit analysis also known as CVP analysis is a tool for managers to study cost behavior keeping in view their targets. The CVP analysis allows managers to study cost behavior at different activity levels to predict the target profits...