Budgeted costs are ________.
A) the costs incurred this year
B) the costs incurred last year
C) planned or forecasted costs
D) competitor's costs

Name: Budgeted costs are ________. A) the costs incurred this year B) the costs incurred last year C) planned or forecasted costs D) competitor's costs
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Question

Quizplus · Accepted Answer

Budgeted costs are the planned or forecasted costs for a specific period of time. They are used as a reference point for actual costs incurred and help in determining if a business is on track financially.

Budgeted Costs Are ________