Examlex
Which one of the following produces the most potent exotoxin?
Direct Material Variances
The difference between the actual cost of direct materials used in production and the standard cost, indicating efficiency in using materials.
Favorable Variances
Variances that occur when actual costs are less than standard or budgeted costs, or actual revenues exceed expectations, benefiting the company's financial performance.
Unfavorable Variances
Situations where actual costs are higher than planned or budgeted costs, or actual revenue is lower than expected.
Management By Exception
A management strategy where only significant deviations from planned results are brought to the attention of management, focusing efforts on areas that are not performing as expected.
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Q24: Which one of the following is not