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Using an annotated diagram,describe the drainage basin of a local river or a well known example of a river.Label using terms associated with drainage systems such as divides or stream basins
Material Price Variances
The difference between the actual cost of materials and the expected or budgeted cost of materials in production processes.
Materials Account
An account used to track the costs of raw materials that are either in stock or being used in production processes.
Standard Cost
A predetermined cost of manufacturing a product or providing a service, used for budgeting and performance evaluation.
Labour Rate
The amount of money paid to workers for their services, typically expressed as an hourly wage.
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