Examlex
____________ access memory is the computer's primary working memory,in which program instructions and data are stored so that they can be accessed directly by the CPU via the processor's high-speed external data bus.
Standard Costs
Pre-determined or estimated costs used for cost control and decision-making purposes, often as a benchmark for measuring performance.
Direct Labor Rate Variance
The difference between the actual cost of labor and the expected (or standard) cost, used in budgeting and cost management.
Actual Costs
The expenses that a company has truly incurred as opposed to estimated or budgeted amounts.
Standard Costs
Predetermined costs for products or services, used as a benchmark to measure actual performance and manage budgets.
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