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Harman [31]
4 years ago
5

The difference between standard costs and budgeted costs is that standard cost refers to a single unit while budgeted costs refe

r to the cost, at standard, for the total number of budgeted units. is calculated under ideal conditions, while budgeted costs are calculated for attainable conditions. is calculated for raw material while budgeted costs are calculated for direct labor. is part of the management accounting system, while budgets are part of the financial accounting system.
Business
1 answer:
aleksandrvk [35]4 years ago
4 0

Answer:

"While budgeted costs refer to the cost, at standard, for the total number of budgeted units. "

Explanation:

The first sentence would be the correct one

The budget consist of get the revenues and costs for the business using the standard measurement for one unit.

Please be more clear in future questions, thank you =)

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You can buy property today for $3 million and sell it in 5 years for $4 million. (you earn no rental income on the property.)
Luden [163]

a. Rate of interest : 8%

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4 0
4 years ago
Pie Bakery owns 60 percent of slice Products Company's stock. During 20X8. Slice produced 100,000 bags of flour, which it sold t
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Answer:

Since no transactions are specified that were made out of the group ( i.e. Holding Company and Subsidiary) so, in consolidated income statement of 20x8, no COGS shall be shown for the transactions made between Pie and Slice Co.

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In consolidated financial statements, we represent Holding ( Pie ) and Subsidiary ( Slice ) Companies as a single unit. Hence, the transactions made within the group are not considered in making of Consolidated financial statements.

However, both companies will show the sales and COGS in separate financial statements.

4 0
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