Standards differ from budgets in that: (a) budgets but not standards may be used in valuing inventories.
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Standards differ from budgets in that:
(a) budgets but not standards may be used in valuing inventories.
(b) budgets but not standards may be journalized and posted.
(c) budgets are a total amount and standards are a unit amount.
(d) only budgets contribute to management planning and control.
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Related Book For 
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
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