Examlex
MATCHING. Choose the item in column 2 that best matches each item in column 1.
Match the term with the correct description.
-Seasonality
Standard Price
Standard Price refers to the predetermined cost of goods or services used for budgeting and cost management purposes, often serving as a benchmark for evaluating actual costs.
Actual Costs
The precise expenses incurred for materials, labor, and overhead in producing goods or providing services.
Standard Costs
Pre-determined or estimated costs used as a benchmark to compare with the actual costs incurred.
Actual Costs
The real, total expenses incurred during the production or acquisition of goods and services.
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