Identify the Three Factors That Have Had a Major Impact

question 3

Essay

Identify the three factors that have had a major impact on network armies.

---

Definitions:

Standard Costs

Predetermined costs for products or services, used as a benchmark for performance evaluation.

Direct Labor-Hours

Overall working hours expended by personnel directly engaged in the production of goods or delivery of services.

Materials Quantity Variance

The difference between the expected and actual quantity of materials used in production, reflecting efficiency in materials usage.

Direct Materials Purchases Variance

is the difference between the actual cost of direct materials purchased and the expected cost under standard costing.