Examlex
Which of the following is a correct?
Controlling Actions
Involves monitoring and adjusting strategies to ensure that goals and objectives are met efficiently and effectively.
Labour Efficiency Variance
A measure used in cost accounting to indicate the difference between the actual labor hours used and the standard labor hours planned for the production volume, often reflecting the efficiency of labor used.
Direct Material Price Variance
The difference between the actual cost of direct materials and the planned (or standard) cost, often used for budgeting and cost control.
Materials Purchased
The raw materials and components bought by a company for use in the production of its goods or services.
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