Question: There is no difference. They are the same. A budget is a total amount, while a standard expresses only a unit amount. A budget is

There is no difference. They are the same.
A budget is a total amount, while a standard expresses only a unit amount.
A budget is the amount planned, while a standard reflects the actual results.
A budget is the cost of an item at a static activity level, while a standard is based on a flexible activity level.
There is no difference. They are the same. A

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