explain role of cost measurement in maintaining the operating and capital budgets via variance analysis

Capital budgeting refers to the outlook of the long term benefit projects that the managers plan.
This budgeting helps and encourages communication between various levels of administration-
bosses, employees and the customers. It provides a quantitative forecasting of future business.
Cost measurement is a very important function of any organization.Without knowing the cost if
any activity it’s impossible to undergo it. Cost measurement helps the organization in maintain
and facilitating the...