Part A What is the difference between a standard and budget? Give an example of both.(5 Marks)

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Part A

What is the difference between a standard and budget? Give an example of both.(5 Marks)

Part B

Who is usually in the best position to explain why the variances occurred? Explain your answer (5 Marks)

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Database management systems

ISBN: 978-0072465631

3rd edition

Authors: Raghu Ramakrishan, Johannes Gehrke, Scott Selikoff

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Posted Date: May 13, 2024 10:16 AM

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Part A What is the difference between a standard and budget? Give an example of both.(5 Marks)

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Part A The difference between a standard and a budget is as follows Standard A standard is a predetermined quantitative measure of what a cost revenue ... View the full answer

Database management systems

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