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Exploiting hydroelectric power by constructing dams on rivers and streams is environmentally sound.
Favorable Variance
Occurs when actual performance is better than expected, leading to lower costs or higher revenues than planned.
Budgeted Revenue
The projected income that a business or organization expects to generate within a specific period, often used for planning and performance evaluation.
Standard Costs
Predetermined costs assigned to goods and services, used as a benchmark for evaluating actual production costs.
Budgeted Performance
The planned or forecasted financial performance of a business or project, often including revenue, expenses, and profit targets.
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