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For Performance Evaluation,the Amount of Costs Actually Incurred Should Be

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For performance evaluation,the amount of costs actually incurred should be compared to the costs that would have been incurred at the actual volume of activity rather than at the planned volume of activity.


Definitions:

Calculated Fields

Fields in a database or spreadsheet where data is generated based on other data fields.

Equal Sign

A symbol (=) used to indicate that two quantities are equal in value or expression.

Field Row

A row in a database or spreadsheet that represents a single record, with each column within the row corresponding to a different field of data.

Expression

A combination of symbols and operators that the computer evaluates to produce a result, often used in programming and mathematical calculations.

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