Distinguishing between Standards and Budgets

Distinguishing between Standards and Budgets - There is a...

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Distinguishing between Standards and Budgets Both standards and budgets are predetermined costs, and both contribute to management planning and control.
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Unformatted text preview: There is a difference, however, in the way the terms are expressed. A standard is a unit amount....
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This note was uploaded on 12/26/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.

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