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Answer the question on the basis of the following data.All figures are in billions of dollars.
Refer to the data.DI is:
Actual Costs
The real expenses that a company incurs in producing goods or services.
Standard Costs
Predetermined costs assigned to goods and services, used as a benchmark for evaluating actual production costs.
Efficiency
The degree to which a process uses resources optimally to achieve a desired outcome.
Standards
Established norms or criteria in various fields that act as a basis for comparison or compliance.
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