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Starting from the pylorus, the segments of the small intestine, in order, are:
Variance Analysis
The process of investigating the difference between planned and actual numbers to understand deviations in financial performance.
Direct Materials Price Variance
The difference between the actual cost and the standard cost of materials used in production, indicating how effectively a company manages its material costs.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels of the organization.
Variable Budget
A financial plan that adjusts for changes in the volume of activity, allowing for flexible cost controls depending on actual performance.
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