1 discuss the difference between budgets and standard, Ask an Expert

Finance

1. Discuss the difference between budgets and standard costs.

2. Describe the relationship that unit standards have with flexible budgeting.

3. Why is historical experience often a poor basis for establishing standards?

4. What are ideal standards? Currently attainable standards? Of the two, which is usually adopted? Why?

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Category:- Basic Finance
Reference No.:- M92095931

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