Adjusting and Improving the System by Having System Audits and Periodic

question 17

Short Answer

Adjusting and improving the system by having system audits and periodic evaluations and making changes based on new conditions constitute the ________ phase of the SDLC.

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Definitions:

Materials Variance

The difference between the expected cost of direct materials and the actual cost incurred.

Price Variance

The difference between the actual cost of a good or service and its expected or budgeted cost.

Quantity Variance

The difference between the actual quantity of materials or labor used in production and the expected (or standard) quantity, affecting cost and efficiency.

Direct Labor Price Variance

The difference between the expected cost of direct labor and the actual cost incurred.