Examlex
All of the following are ways of discovering if an employee needs training EXCEPT:
Raw Materials
Basic materials that are used in the production process of goods, often transformed into finished products.
Fixed Overhead
Costs that do not vary with the level of production or sales, including rent, salaries, and insurance expenses.
Unfavorable Variance
A situation where actual results are worse than expected results, often indicating higher costs or lower revenues than planned.
Favorable Variance
A financial term indicating that actual costs were lower than the planned or standard costs in a budget.
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