Budgetary control helps in the implementation of standard costing. Standard costing is a technique used by companies to establish predetermined costs for their products or services. It involves setting predetermined standards for various cost elements such as materials, labor, and overheads, and then comparing the actual costs incurred with these standards. Budgetary control plays a crucial role in the implementation of standard costing by providing a framework for monitoring and controlling costs.

Budgetary control involves the preparation and implementation of budgets, which are financial plans that outline the expected revenues, expenses, and cash flows for a specific period. These budgets act as benchmarks against which the actual performance of the organization can be compared. By comparing the actual costs with the predetermined standards, companies can identify any variances and take corrective actions to control costs and improve efficiency.

Budgetary control and standard costing are closely interrelated and complementary to each other. Here's how budgetary control helps in the implementation of standard costing:

1. Establishing cost standards: Budgetary control provides a platform for setting cost standards. The budgeting process involves estimating the costs for various activities and functions of the organization. These estimated costs serve as the basis for determining the cost standards in standard costing.

2. Monitoring actual costs: Budgetary control enables the monitoring of actual costs incurred by the organization. By comparing the actual costs with the predetermined standards, companies can identify any deviations or variances. These variances can then be analyzed to understand the reasons behind them and take appropriate actions.

3. Analyzing variances: Budgetary control provides a framework for analyzing the variances between actual costs and standard costs. Variances can be classified into different categories such as material variances, labor variances, and overhead variances. These variances help in identifying the areas where costs are not in line with the standards and take corrective actions accordingly.

4. Controlling costs: Budgetary control plays a vital role in controlling costs. By comparing the actual costs with the predetermined standards and analyzing the variances, companies can identify cost-saving opportunities and implement cost control measures. This helps in improving efficiency and profitability.

In conclusion, budgetary control is essential for the implementation of standard costing. It provides a framework for setting cost standards, monitoring actual costs, analyzing variances, and controlling costs. By integrating budgetary control with standard costing, companies can achieve cost efficiency and improve their overall financial performance.