Question: Knowledge Check: The difference between a budget and a standard is that Standards refer to a company's projected revenues, costs, or expenses Standard expresses what

Knowledge Check:
The difference between a budget and a standard is that
Standards refer to a company's projected revenues, costs, or expenses
Standard expresses what costs should be while budget expresses what costs are
A budget expresses a total amount, while a standard expresses a unit amount
Standards are used in cost accounting system, whereas budgets are not
Knowledge Check: The difference between a budget

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