Examlex
Which of the following can affect earnings quality?
I. Management's choice of accounting principle
II. Management's choice of dividend policy
III. Management's estimates
IV. Management's discretionary expenditures
Machine Hours
A measure of the amount of time a machine is in operation, used for allocating costs in manufacturing.
Spending Variance
The difference between the budgeted amount of expense and the actual amount spent.
Standard Rate
A predetermined cost or price used as a benchmark for evaluating the efficiency or effectiveness of operations.
Spending Variance
The difference between the actual amount spent and the budgeted amount for a specific period, indicating under or overspending.
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