What is the difference between a budget and a standard?
a) A budget is the cost of an item at a static activity level, while a standard is based on a flexible activity level.
b) A budget is a total amount, while a standard expresses only a unit amount.
c) A budget is the amount planned, while a standard reflects the actual results. d) There is no difference, they are the same.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is the difference between a budget and a standard? a) A budget is the cost of an item at a static activity level, while a standard is ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What do apartment background checks look for?
Answers (1)
Which of the following correctly pairs a financing option with its description? A Grants & Scholarships - Money you Earn B Federal Student Loans - Free Money C 529 Plan - Money you Save D Federal Work-Study Program - Money you Borrow
Answers (1)
Palmer Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 3 boxtops from Palmer Frosted Flakes boxes and $1. The company estimates that 60% of the boxtops will be redeemed.
Answers (1)
Song earns $175,000 taxable income as an interior designer and is taxed at an average rate of 25 percent (i. e., $43,750 of tax). a.
Answers (1)
What is a market economy based on?
Answers (1)
New Questions in Business
Which is the most common ethical dilemma that financial planners face?
Answers (2)
Ribb Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selling Price $190 100% Variable Expenses 57 30% Contribution Margin $133 70% Fixed expenses are $913,000 per month.
Answers (1)
Is white wine homogeneous or heterogeneous?
Answers (1)
Nelson, a minor, misrepresents his age when agreeing to a contract to buy a restored, antique soda vending machine from old is new again, inc. ordinarily, nelson can disaffirm the contract
Answers (1)
The national restaurant association states that the restaurant industry has an economic effect of more than $1.7 trillion annually in the united states, with every dollar spent in restaurants generating an estimated total of $2.
Answers (1)