Examlex
Before retiring at the end of 2008,Unilever Group Chief Executive Patrick Cescau wanted to reconnect the company with its heritage of sustainability and concern for the environment.This and other values reflect Unilever's philosophy of "doing well by doing good."
Favorable Variance
The difference between actual results and expected (budgeted) results that indicates more efficient or cost-effective performance.
Actual Cost
The actual expenses incurred in acquiring an asset or delivering a service, including all relevant expenditures without estimation.
Budgeted Cost
The estimated or planned amount of money allocated for a particular purpose or period of time.
Direct Materials Cost Variance
A measure that evaluates the difference between the actual costs of direct materials used in production and the standard costs.
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