A standard differs from a budget because a


A standard differs from a budget because a standard

contributes to management planning and control.

is a predetermined cost.

none of the above; a standard does not differ from a budget.

is a unit amount.

31. The financial budgets include the

cash budget and the production budget.

budgeted balance sheet and the budgeted income statement.

cash budget and the selling and administrative expense budget.

cash budget and the budgeted balance sheet.

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Financial Accounting: A standard differs from a budget because a
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