Examlex
Which of the following is NOT true about software suites?
Price Variances
The difference between the actual cost and the standard cost of goods or services.
Direct Labor Cost Variance
The difference between the budgeted or expected cost of direct labor and the actual cost incurred.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels of the business.
Unfavorable Variance
A financial term describing a situation where actual costs exceed budgeted or planned costs.
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