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What are the bene?ts and disadvantages of deregulation in the banking sector?
Budgeted Output
The anticipated quantity of goods or services a company plans to produce in a specified period, usually tied to budgeting and planning processes.
Standard Cost
A predetermined or estimated cost of producing a product or service, used as a benchmark for measuring actual production costs.
Actual Production
The real quantity of products manufactured during a specific period, as opposed to planned or projected production.
Material Price Variance
The difference between the actual cost of materials and the standard cost, multiplied by the quantity of materials used.
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