Examlex
When actual results differ from the marketing plan, it is called _____.
Operating Income
Earnings from a company's main business activities, excluding expenses such as interest and taxes.
Variances
The difference between planned or expected results and actual results in financial performance.
Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and profit or loss.
Standard Direct Materials
The predetermined cost and quantity of direct materials that are expected to be used in the production of a product.
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