Examlex
A proxy is a method by which a shareholder can allow another shareholder to vote his/her shares.
Variable Overhead
Costs that vary in direct proportion to changes in the operational activity of a business, such as utility bills or raw material costs.
Budgeted Production
represents the amount of production planned for a future period as part of the budgeting process.
Standard Cost System
An accounting system that uses standard costs for cost control and decision making.
Materials Price Variance
The difference between the actual cost of materials and the expected cost at standard prices.
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