As a manufacturing company, what do you think is the recommended budgetary system that can be used? And do you think using multiple budgetary systems would establish a balance and efficiency in business operations and cost management?
How do you think we as Management Accountants can improve standard costing techniques considering its limitations?
Along with Standard Costing, flexible budgeting and zero base budgeting should be used.
Exactly what I think should be right
The employment of different budgeting systems is an efficient way of Budgeting within a manufacturing firm.
Theoretically we might suggest one or two methods but practically it may prove to be different.
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