Question: Standards differ from budgets in that Select one: budgets but not standards may be used in valuing inventories. only budgets contribute to management planning and

Standards differ from budgets in that

Select one:

budgets but not standards may be used in valuing inventories.

only budgets contribute to management planning and control.

budgets but not standards may be journalized and posted.

budgets are a total amount and standards are a unit amount.

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