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

User Fatu
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1 Answer

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Answer:

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

Step-by-step 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 =)

User Touchpad
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