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What military innovation was employed by Philip that enabled him to take over Greece?
Standard Cost System
A cost accounting system that uses standard costs for inventory valuation and as a tool for cost control.
Budgeted Activity
Planned or expected levels of operational activity, which may include sales volume, production quantities, or labor hours, for budgeting purposes.
Fixed Overhead
Costs that do not change with the level of production or sales over a short period, such as rent, salaries, and insurance.
Budget Variance
The difference between what was budgeted or planned in terms of financial performance or cost, and what was actually achieved.
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