Examlex
Which of these is a risk of water projects, as identified by anthropologist Michael Cernea?
Volume Variance
The difference between the expected amount of output at the standard cost and the actual amount produced, measured at the standard cost.
Direct Labor-Hours
A measure of the total hours worked directly on the production of goods.
Budget Variances
The difference between budgeted and actual figures for revenues or expenditures, indicating under or overspending.
Underapplied
A situation where the allocated manufacturing overhead costs are less than the actual overhead costs incurred, leading to underestimation of product costs.
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