The Difference Between Standard Costs and Budgeted Costs Is That

question 57

Multiple Choice

The difference between standard costs and budgeted costs is that standard cost

• A)refers to a single unit while budgeted costs refer to the cost, at standard, for the total number of budgeted units.
• B)is calculated under ideal conditions, while budgeted costs are calculated for attainable conditions.
• C)is calculated for raw material while budgeted costs are calculated for direct labor.
• D)is part of the management accounting system, while budgets are part of the financial accounting system.

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Definitions:

More Conflict

Increased disagreements, disputes, or clashes between individuals or groups.

Workplace Bullying

Repeated verbal and/or nonverbal acts aimed at a worker for the purpose of humiliation and harm.

Denied a Promotion

When an individual is not allowed or given the opportunity to advance to a higher position or rank.

Face-To-Face

Direct interaction between two or more people in the same physical space.