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Which of the following statements is correct concerning a standard cost system? A standard cost system calculates cost information after actual costs are available. A standard cost system uses price data but not quantity data. A standard cost system uses quantity data but not price data. A standard cost system enables an organization to identify variances between actual and expected performance. Which of the following statements is correct concerning the cash budget? Decreasing the time a company takes to pay for credit purchases from 45 days to 35 days would decrease expected cash disbursements in a cash budget. Decreasing the time a company takes to pay for credit purchases from 45 days to 35 days would increase expected cash disbursements in a cash budget. Decreasing the time a company takes to pay for credit purchases from 45 days to 35 days would decrease expected cash receipts in a cash budget. Decreasing the time a company takes to pay for credit purchases from 45 days to 35 days would increase expected cash receipts in a cash budget