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Discuss the idea that 30 years from now, the stereotypical physician may well be female.
Actual Costs
The real financial expenditures incurred by a company, as opposed to budgeted or estimated costs.
Standard Costs
Predetermined costs assigned to goods and services, used as target costs or benchmarks to compare with actual costs in order to manage and control costs.
Total Direct Labor Variance
The difference between the actual cost of direct labor used to produce goods and the standard cost of direct labor expected for those goods.
Rate
A measure, quantity, or frequency, typically one measured against another quantity or measure.
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