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A local mountain created by volcanism:
Corrective Action
Measures taken to identify, eliminate, and prevent recurrence of defects or problems in a product, process, or system.
Variance Analysis
A technique used to identify and explain the reasons for differences between budgeted and actual financial performance.
Standard Costs
Predetermined costs assigned to goods and services, used as target prices to measure performance.
Actual Costs
The genuine costs incurred in the production of goods or services, including all direct labor, materials, and overhead expenses.
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