Which of the following statements is correct?

A) Budgeted hours and standard hours are always the same.
B) Budgeted hours and standard hours are never the same.
C) Budgeted hours and standard hours will be the same when budgeted production equals actual production.
D) Budgeted hours and standard hours are both related to budgeted production levels.

Budgeted Hours

The number of hours allocated or planned for a particular task, project, or period, usually part of a financial or operational plan.

Standard Hours

The predetermined amount of time expected to complete a task or produce a unit of output under normal conditions.

Actual Production

The quantity of goods or services produced during a specific time period, as opposed to planned or projected output.