Examlex
Control that focuses on the use of information about previous results to correct deviations from the acceptable standard is referred to as
Avoidable Costs
Avoidable Costs are expenses that can be eliminated if a particular decision is made, such as discontinuing a product or service.
Future Costs
Expenses or expenditures that are expected to be incurred in future accounting periods.
Fixed Costs
Regular, constant expenses that a business incurs regardless of the level of goods or services produced.
Direct Materials
The raw materials that are directly used in the manufacturing of a product, which can be directly traced to the product itself.
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