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According to Maslow,which basic needs must be met first?
Standard Cost Systems
An accounting method that uses standard costs for direct materials, labor, and overhead to help managers control business costs.
Performance Evaluation
The formal assessment process of an employee's job performance, typically conducted through reviews and meetings.
Actual Costing System
A costing method that assigns costs to products based on the actual costs of direct materials, direct labor, and overhead incurred.
Direct Material Price Variance
Direct material price variance measures the difference between the actual cost of direct materials and the expected (or standard) cost, indicating how well a company manages its material costs.
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