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Explain the concept of a direct cause as applied to workplace safety. How are employers held responsible for direct causes of accidents and hazards?
Variance Reports
Financial documents that compare actual financial results to planned or budgeted amounts, highlighting discrepancies.
Budgeted Expenditure
Planned spending for a specific period as outlined in a budget, which serves as a financial plan and guideline for managing expenses.
Actual Expenditure
The real amount of money spent on goods, services, and other expenses during a specific period.
Variable Overhead Variances
The difference between the actual variable overhead incurred and the standard cost assigned to production, indicating efficiency or inefficiency.
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