Examlex
Horn's categories of intelligence include:
Actual Expenditure
The real amount of money spent on goods, services, and other expenses during a specific period.
Variable Overhead Variances
The difference between the actual variable overhead incurred and the standard cost assigned to production, indicating efficiency or inefficiency.
Efficiency Variance
The difference between the actual input used in production and the standard input expected, calculated to assess performance.
Spending Variance
The difference between the actual amount spent and the budgeted amount for a given period, indicating over or under spending.
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