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Because of securitization,a new class of residential mortgages offered to borrowers with less-than-stellar credit records developed. These mortgages are known as
Standard Cost
A predetermined cost of manufacturing, selling, or any other business operation, used for budgeting and performance evaluation.
Nonfinancial Performance Measures
Indicators used to assess aspects of a company's operations that do not directly relate to financial outcomes, such as customer satisfaction or employee turnover.
Standard Direct Materials
The predetermined cost and quantity of materials required for the production of goods, used in budgeting and costing.
Direct Materials
Raw materials that can be directly identified and easily traced to the manufacturing of a final product.
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