nowledge Check Vhich of the following correctly describes the distinction between standards and budgets? A...
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nowledge Check Vhich of the following correctly describes the distinction between standards and budgets? A budget amount is recorded in accounting records, while a standard is not. A standard is a unit amount, while a budget is a total amount. A standard amount is used for quantities, while a budget amount is used for prices paid. A standard is a budget amount, while a budget is a unit amount. 
nowledge Check
Vhich of the following correctly describes the distinction between standards and budgets?
A budget amount is recorded in accounting records, while a standard is not.
A standard is a unit amount, while a budget is a total amount.
A standard amount is used for quantities, while a budget amount is used for prices paid.
A standard is a budget amount, while a budget is a unit amount.
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