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The difference between a budget and a standard is that standards are excluded from the cost accounting system while budgets are generally incorporated into the

The difference between a budget and a standard is that
standards are excluded from the cost accounting system while budgets are generally incorporated into the cost accounting system.
a budget expresses a total amount while a standard expresses a unit amount.
a budget expresses management's plans while a standard reflects what actually happened.
a budget expresses what costs were while a standard expresses what costs should be.
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