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Which one of the following would be considered high in credence qualities?
Time Materials
A pricing model where a customer pays based on the actual time spent on a project and the cost of materials used.
Recognition Of Variances
The process of identifying and documenting the differences between actual and budgeted costs.
Flexible Budgets
Budgets that adjust or flex with variations in activity levels or other relevant factors, allowing more accurate comparisons to actual results.
Cost Driver
A factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes overhead costs.
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