Standard and budget

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March 29, 2019 at 12:19 pm #510791
ahmadimam120
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Sir please tell me what is the difference between the standard and the budget in context of standard costing and budgeting or is the standard Or a budget the same thing?
March 29, 2019 at 3:44 pm #510802
John Moffat
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The standard costs are the budgeted costs, and the budget therefore uses the standard costs.
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