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Vincent is a project manager at a software development firm. One of Vincent's best employees, Brian, is considering leaving the company because he wants to pursue his passion of photography. Vincent's bosses want him to manipulate Brian into staying, but Vincent refuses to do so and allows Brian to make his own decisions. From this information, it can be said that Vincent has a (n) _____ personality.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels.
Direct Materials Quantity Variance
The difference between the actual quantity of direct materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit.
Direct Material Price Variance
The difference between the actual cost of direct materials and the standard cost multiplied by the quantity purchased, used in variance analysis for cost control.
Actual Price Per Pound
The real cost of a commodity or material expressed on a per pound basis.
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