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A Bronsted-Lowry acid is always
Management By Exception
A management strategy where only significant deviations from planned results are brought to the attention of management, focusing efforts on areas that are not performing as expected.
Standard Costs
Preset costs established for the manufacture of a product, including direct materials, direct labor, and overhead expenses, against which actual costs are compared.
Fixed Overhead Cost Variance
The difference between the budgeted fixed overhead costs and the actual fixed overhead incurred.
Variance Analysis
The process of examining differences between actual and budgeted/expected financial performance and investigating the causes.
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