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What trend is tracked by the demographic transition theory, which addresses changing fertility and mortality rates over time?
Flexible Budget Performance Report
compares actual results to budgeted amounts adjusted for the actual level of output, aiding in the evaluation of financial performance.
Cost Driver
A factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes overhead costs.
Activity Variances
Differences between planned activities (budgeted) and actual activities in management accounting, used for monitoring performance and guiding decisions.
Flexible Budget
A budget that adjusts or flexes with changes in the volume or activity level, allowing for better budgetary control under different operational circumstances.
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