What is the difference between a budget and a standard? a budget is the cost of an item at a static activity level, whi

What is the difference between a budget and a standard? a budget is the cost of an item at a static activity level, while a standard is based on a flexible activity level. a budget is the amount planned, while a standard reflects the actual results. there is no difference. they are the same. a budget is a total amount, while a standard expresses only a unit amount?

Asked on September 7, 2017 in No Category.
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