Photo credit: flickingerbrad / Foter / CC BY. The Parent Association of the Kennedy Krieger School: Greenspring Campus LEAP Program is inviting friends and families of the school to join its LEAPing for Technology campaign for iPads in the classroom.
Description. A budget is an accounting or financial plan for the next period, which can be a month, quarter, year or even the duration of a project. A cost budget is a financial plan about your companyâs identified expenses for the next period.You can make budgets for various costs such as project costs or product development costs.escription. A budget is an accounting or financial plan for the next period, which can be a month, quarter, year or even the duration of a project. A cost budget is a financial plan about your companyâs identified expenses for the next period.
Standard costing is the establishment of cost standards for activities and their periodic analysis to determine the reasons for any variances. Standard costing is a tool that helps management account in controlling costs. For example, at the beginning of a year a company estimates that labor costs should be $2 per unit.