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Yung made a choice to leave a large management consulting firm where she had worked for 10 years to become the executive director of a newly established nonprofit association, ChildAid, which is dedicated to helping children living in poverty.She had been volunteering with the organization prior to become the executive director, as she was inspired by the organization's mission.ChildAid has enough funds to give her a very modest salary for a year.She must engage in vigorous fundraising efforts to enable the organization to continue paying her salary beyond 1 year.Yung most likely has which of the following career anchors?
technical/functional
service/ dedication
service/dedication and security
creativity and autonomy
independence and lifestyle
Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the standard cost assigned to those overheads, indicating efficiency in managing variable costs.
Direct Materials Purchases Variance
the difference between the actual cost of direct materials purchased and the expected (or standard) cost, indicating how effectively a company is managing its resources.
Standard Labor-Hours
A pre-determined measure of the amount of labor time expected to complete a single unit of production or perform a task, often used in cost accounting.
Standard Amount
A benchmark or norm for measuring performance, often used in budgeting and accounting to set expected costs or outputs.
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