The Difference Between a Standard and a Budget Is That

Multiple Choice

The difference between a standard and a budget is that ________.

A) a budget generally indicates a total amount while a standard indicates a per unit amount
B) a standard acts as an overall guide for operating the business on a planned course of action
C) a budget generally indicates a per unit amount while a standard indicates a total amount
D) a standard projects future costs while a budget examines past costs