Examlex
The typical difference between quality circles and continuous improvement teams is
Fixed Overhead Budget
A financial plan that estimates the fixed costs needed to produce goods or services over a specific period.
Volume Variance
The difference between the expected (budgeted) volume of activity and the actual volume, and its impact on the budgeted costs.
Control
The process of gathering feedback to ensure that a plan is being properly executed or modified as circumstances change.
Budgets
A financial plan for a defined period, often one year, detailing projected revenues and expenses.
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