explain role of cost measurement in maintaining the operating and capital budgets via variance...

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explain role of cost measurement in maintaining the operating and capital budgets via variance analysis

David · Accepted Answer

Capital budgeting refers to the outlook of the long term benefit projects that the managers plan. 
This budgeting helps and encourages communication between various levels of administration- 
bosses, employees and the customers. It provides a quantitative forecasting of future business. 
Cost measurement is a very important function of any organization.Without knowing the cost if 
any activity it’s impossible to undergo it.

explain role of cost measurement in maintaining the operating and capital budgets via variance analysis

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