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

How do communism and socialism differ in terms of the role that government plays in the economy ?

Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?