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Donna and Kim are both secretaries for the accounting department. Since someone must be present to answer the phones at all times, different times must be scheduled for each of them to go to lunch. Both of them want the time from noon to 1 p.m. Previous unsuccessful discussions have occurred, resulting in their not speaking to each other. Patti, who also works in the department, sits down separately with each of them to try to explore possible solutions, with the idea that if she can find common ground, they will again discuss alternative schedules face-to-face. Patti is acting as a(n) :
Expected Price
The anticipated market price of a good, service, or asset, often based on historical trends, current market conditions, and future forecasts.
Price Variance
The difference between the actual cost of a good or service and its expected or standard cost, which can signal efficiency issues or market fluctuations.
Direct Materials
Raw materials that can be directly traced to the manufacturing process of a product and are a significant component of its production cost.
Unfavorable
A term often used in budgeting and financial analysis to describe results that are worse than expected or budgeted figures.
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