Which of the following statements is FALSE? a. A standard is a unit amount. b. The standard cost of a product is equivalent to the budgeted cost per unit of product. c. A standard cost is more accurate than a budgeted cost. d. In concept, standards, and budgets are essentially the same.

Which of the following statements is FALSE? a. A standard is a unit amount. b. The standard cost of a product is equivalent to the budgeted cost per unit of product. c. A standard cost is more accurate than a budgeted cost. d. In concept, standards, and budgets are essentially the same.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 18Q: Why is it important to distinguish between variable costs and fixed costs for budgeting purposes?

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Question

Help me general account expert

Which of the following statements is FALSE?
a. A standard is a unit amount.
b. The standard cost of a product is equivalent to the budgeted cost per
unit of product.
c. A standard cost is more accurate than a budgeted cost.
d. In concept, standards, and budgets are essentially the same.

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Hi. General Account. Tutor. help
When is the material quantity unfavorable? A.When the actual quantity used is less than the standard quantity B.When the actual price is less than the standard price C.When the actual quantity used is greater than the standard quantity D.When the actual price paid is greater than the standard price
CAN ANSWER ME??? GENERAL ACCOUNT
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Subject - General account
Differential revenue represents – Group of answer choices The differences in revenues expected from alternative courses of action. The difference between actual revenue and budgeted revenue The difference between revenues and variable manufacturing costs The difference between operating revenues and non-operating revenues