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_____ is a method for developing software applications and information system projects in which a project is divided into smaller functions and developers cannot go on to the next phase until the current phase is finished.
Price Standard
A predetermined cost that serves as a benchmark for evaluating the actual cost of goods sold or production costs.
Pounds
A unit of mass or weight commonly used in the British imperial and United States customary systems.
Materials Price Variance
The difference between the actual cost and the standard cost of materials used in production, multiplied by the quantity of materials used.
Standard Price
A pre-determined cost assigned to goods and services, used as a benchmark in budgeting and variance analysis.
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