Question: 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

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 image text in transcribed

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