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The Originator of the PEN-3 Model Is

question 64

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The originator of the PEN-3 model is:

Calculate and analyze variable overhead variances, including rate and efficiency variances.
Calculate and analyze direct material variances, including price and quantity variances.
Interpret the significance of favorable and unfavorable variances in cost control.
Apply standard hours and standard machine-hours as bases for overhead application.

Definitions:

E-learning

The use of electronic media and information and communication technologies (ICT) in education, enabling access to learning resources and instruction remotely or online.

Computer-based Training

A method of learning that utilizes computer technology to deliver educational programs to participants.

On-the-job Learning

The process of acquiring skills, knowledge, and competencies as a result of direct experience or performing tasks and activities in a work setting.

Low-tech

Technologies that are not advanced or complex, often easy to use and with a focus on practicality and accessibility.

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