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According to Rothbart, individuals differ not just in their reactivity on each dimension but also in
Revenue Variance
The difference between how much the revenue should have been, given the actual level of activity, and the actual revenue for the period. A favorable (unfavorable) revenue variance occurs because the revenue is higher (lower) than expected, given the actual level of activity for the period.
Cost Variance
The difference between the expected cost of a project or production process and the actual cost incurred.
Labour Efficiency Variance
A measure used in cost accounting to evaluate the difference between the actual hours worked and the standard hours expected to produce a certain level of output.
Production Manager
The person responsible for overseeing the production process and ensuring that manufacturing runs smoothly and efficiently.
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