Examlex
PID is the abbreviation for:
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity, providing a more useful comparison for actual versus budgeted performance.
Budgeted Costs
Estimated financial plan for expenditures over a specified period.
Direct Labor Hours
This term represents the total time spent by workers directly involved in the manufacturing process.
Flexible Budget Graph
A visual representation that shows the difference between actual and expected performance at various levels of activity.
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