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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
In a small, closed economy, national income (GDP) is $350.00 million for the current month. Individuals have spent $100.00 million on the consumption of goods and services. They have paid a total of $60.
Answers (1)
What does an inflation rate of 1300% mean?
Answers (1)
when your combining like terms and there is only a negative outside of the parethisis what do you do?
Answers (2)
Cup N Cone Inc., a graphic design firm, has offices in New York, Texas, California, New Mexico, and New Jersey. Each of these offices is headed by a president who reports directly to Marvin Grey, the CEO.
Answers (1)
Even if the Fed could completely control the money supply, monetary policy would have critics because Question 4 options: A) the Fed's goals do not include high employment, making labor unions a critic of the Fed.
Answers (1)
New Questions in Business
Who is the intended target audience for dole's fruit bowls?
Answers (1)
Which strategy are you using when you only read the title section headings and captions? guessing from context paraphrasing C D previewing skimming
Answers (2)
Mapleview Inc. has the following budgeted sales: July $200,000 August $300,000 Sept $250,000 40% of the sales are for cash. 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% for the next month.
Answers (1)
How can investors receive compounding returns? everfi
Answers (1)
Suggest one project that Bricks Construction could implement to address each key problem listed in the scenario (unemployment, Lack of housing and poor education and training)
Answers (1)