Examlex
According to Jerome Kagan (2002,2003) ,temperament can be classified by focusing on:
Standard Price
A set cost figure used to value inventory or measure cost performance, often compared to actual prices to calculate variances.
Material Price Variance
The difference between the actual cost of materials purchased for production and the standard cost, indicating how much more or less was spent than expected.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels of the business.
Static Budget
A financial plan that does not change over the period for which it is set, regardless of any changes in activity levels.
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