Examlex
Thirteen-month-old Hermes has begun to raise the pitch of his voice at the end of a babble. If Hermes is being raised by English-speaking parents, his behavior may reflect the precursor of his ability to
Favourable Variance
A financial term indicating that actual costs were lower than budgeted costs, or actual revenues were higher than expected.
Variances
The differences between planned financial outcomes and the actual results, used in budgeting and accounting to track performance and plan future activities.
Cost of Goods Sold
The total cost associated with producing goods that have been sold during a specific period, including materials and labor.
Favourable Variances
Financial indicators that actual revenues are higher or costs are lower than what was originally planned or budgeted.
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