Examlex
Event risks often cause sudden and unanticipated changes in financial market conditions.
Actual Results
The real outcomes or data achieved, as opposed to forecasts or projections.
Materials Price Variance
The difference between the actual cost of materials and the expected (standard) cost, used for budgeting and cost control.
Actual Production
Refers to the actual quantity of goods or services produced during a specific period, as opposed to planned or projected amounts.
Materials Quantity Variance
The difference between the actual quantity of materials used in production and the standard quantity expected to be used.
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