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Thirteen-Month-Old Hermes Has Begun to Raise the Pitch of His

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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


Definitions:

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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