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Budget and Budgetary control

What is the difference between standard and budgeted hours


K Ashwathy

K Ashwathy

CA Inter

170

02-Jul-20 14:57

13

Answers (7)

standard hour is the time that should be taken to complete a given work ( maybe calculated based on how much time others took to do the same job). A budgeted hour is the approximate time we will take to complete the job. ( based on same work done previously).


Nithish Kumar

Nithish Kumar

CA Inter

5K+

02-Jul-20 18:26

Standard hours means expected


K Ashwathy

K Ashwathy

CA Inter

170

02-Jul-20 18:32

Both r expected. There exists a thin line of difference, STANDARD-a market based nd BUDGETED-based on experience.


Nithish Kumar

Nithish Kumar

CA Inter

5K+

02-Jul-20 18:37

Thank you


K Ashwathy

K Ashwathy

CA Inter

170

02-Jul-20 18:38

Thank you

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Nithish Kumar

Nithish Kumar

CA Inter

5K+

02-Jul-20 18:39

Yes I am understood


K Ashwathy

K Ashwathy

CA Inter

170

02-Jul-20 18:43

Kk carry on! All d best


Nithish Kumar

Nithish Kumar

CA Inter

5K+

02-Jul-20 18:44