_________________ Is Defined as a Set of Contrived Methods for External

question 56

Short Answer

_________________ is defined as a set of contrived methods for external control aswell as interaction with and extension of the development of naturally unfolding internalmechanisms and motivations for self-control and self-discipline.

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Definitions:

Variance Investigation

The process of examining the reasons behind differences between budgeted and actual figures in finance and accounting.

Direct Material Quantity Variance

The difference between the budgeted amount of materials needed for production and the actual amount used, valued at the standard cost.

Cost Standards

Benchmarks or predetermined costs relating to the production of goods or services, serving as a yardstick for measuring actual performance against expected costs.

Direct Material Quantity Variance

The difference between the actual quantity of direct material used and the expected quantity, multiplied by the standard cost per unit.