Standard Costing vs. Budgetary Control

Read this article to learn about the major differences between standard costing and budgetary control. Standard Costing vs. Budgetary Control: Major Differences Difference # Standard Costing: 1. Standard costing is a system of accounting where predeter­mined costs are used for analysis of variances and control of the entire organization. 2. Standard costs are scientifically predeter­mined in respect of materials, labour, [...]