Examlex
Fill in the correct labels for the following figure using the word bank below.
-B _________
Controlled Costs
Costs that can be influenced or managed by decisions made by managers or company officials.
Actual Costs
Actual costs refer to the genuine expenses incurred in the production, acquisition, or sale of products or services, including materials, labor, and overhead expenses.
Actual Level
The real, observed value or volume of output, production, or activity in a given period.
Revenue Variance
The difference between actual revenue earned and the budgeted or forecasted revenue.
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