Control of engineered costs is frequently achieved through the use of
A)zero-base budgeting.
B)program budgeting.
C)standards.
D)cash budgeting.

Question

Quizplus · Accepted Answer

Control of engineered costs is often achieved through the use of standards, which represent a predetermined benchmark for the cost of materials, labor, and other resources required to complete a project. By comparing actual costs to predetermined standards, management can identify areas that require attention and take corrective action to bring costs in line with expectations. Zero-base budgeting, program budgeting, and cash budgeting are all budgeting techniques that deal with the allocation and management of financial resources, but they are not specifically designed to control engineered costs.

Control of Engineered Costs Is Frequently Achieved Through the Use