What is ZBC & Should Costing.

Question

Accepted Answer

ZBC stands for Zero Based Costing, a method of budgeting in which all expenses must be justified for each new period. Should Costing is a process of estimating the cost of a product or service based on its materials, labor, and overhead.

ZBC requires all expenses to be justified from scratch for each budgeting period
Should Costing involves estimating the cost of a product or service based on its components and production processes
ZBC helps in identifying unnecessary costs and optimizing budget allocation
Should Costing helps in negotiating better prices with suppliers by understanding the true cost of production
Example: ZBC would involve reevaluating all expenses for a new project, while Should Costing would involve calculating the cost of manufacturing a new product

What is ZBC & Should Costing.

Top ReNew Sourcing Specialist interview questions & answers

Popular interview questions of Sourcing Specialist

Top HR questions asked in ReNew Sourcing Specialist

What is ZBC &amp; Should Costing.

Top ReNew Sourcing Specialist interview questions & answers

Popular interview questions of Sourcing Specialist

Top HR questions asked in ReNew Sourcing Specialist

What is ZBC & Should Costing.