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What is the formal term used to describe the document that contains the expatriate's specific job requirements and remuneration,vacation,home leave,and repatriation agreement?
Ideal Standards
Benchmark levels of performance set under perfect operating conditions, used for budgeting and measuring efficiency.
Materials Price Variance
The difference between the actual cost of materials and the standard or expected cost.
Standard Costs
Predetermined costing used in budgeting and decision-making, representing an expected cost under normal conditions.
Overhead Volume Variance
The difference between the budgeted overhead based on standard hours allowed and the actual overhead incurred, due to differences in activity levels.
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