Examlex
A Big Data application of using location-based mobile data from call records is:
Standard Costs
Predetermined costs to manufacture a single unit or a number of units during a specific period under current or anticipated operating conditions.
Total Materials Variance
The difference between the actual cost of materials used in production and the expected (or standard) cost, used to evaluate cost control.
Budgeted Units
The quantity of products or services that a company plans to sell or produce within a specific period, as outlined in its budget.
Actual Costs
The real costs incurred in the production of goods or services, including all expenses direct and indirect.
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