Q: What is the difference between budgeted output and standard output?
13 September 2012
The problem you are facing with the difference between budgeted and standard output is a typical problem and here is my explanation of the difference between them.
The problem you are facing with the difference between budgeted and standard output is a typical problem and here is my explanation of the difference between them. I then develop this issue by way of an example related to the volume variance and its sub variances.
Budgeted output is, literally, the level and rate of output that the organisation has budgeted to...