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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A firm has multiple divisions of similar nature, yet varying degrees of risk. Which one of the following would be the most appropriate, yet relatively easy, means of assigning discount rates to each of its proposed investments? A.
Answers (1)
Economists use the word "money" to refer to a. income generated by the production of goods and services. b. those assets regularly used to buy goods and services. c. fianncial assets such as stocks and bonds. d. any type of wealth.
Answers (1)
If potential gdp is equal to $600 billion, what does the longminus-run aggregate supply curve look like? a. it is a vertical line at a level of gdp above $600 billion. b. it is a horizontal line at $600 billion of gdp. c.
Answers (1)
Hitzu Co. sold a copier (that costs $4,500) for $9,000 cash with a two-year parts warranty to a customer on August 16 of Year 1. Hitzu expects warranty costs to be 5% of dollar sales.
Answers (1)
Lillian Stintson works for a global women's rights organization. In the past few months, she has traveled across the globe for the campaign she was working on. In addition, she has been working weekends to meet campaign milestones.
Answers (1)
New Questions in Business
What would the production components be for the input, conversion and output for opening a summer band camp?
Answers (1)
When the price of a product is increased 10 percent, the quantity demanded decreases 15 percent. The price-elasticity of demand coefficient for this product is
Answers (1)
Which of the following would be a closed question? What interests you about this job? Why did you decide to change career fields? Where do you see yourself in five years? When did you move here?
Answers (1)
Hutchinson Corporation has zero debt - it is financed only with common equity. Its total assets are $330,000.
Answers (1)
A customer owns 210 shares of ABC common stock. ABC declares a rights offering, with the terms being that for every 20 rights tendered, a shareholder may purchase one additional share at $20 per share.
Answers (1)