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MasterCard International links usage of its card with fund-raising for institutions that combat cancer, heart disease, child abuse, and muscular dystrophy. MasterCard gives a modest percentage of charges from its credit card charges to the institutions. What is this called and how does it affect cardholders' behavior?
Standard Quantity
The expected or budgeted quantity of materials, labor, or overheads necessary for producing a unit of production or service under specified conditions.
Standard Price
A predetermined cost that companies use as a benchmark to measure the performance of actual costs.
Fixed Overhead Volume Variance
The difference between the budgeted and applied fixed manufacturing overhead, based on the standard volumes expected to be produced.
Standard Quantity
The expected quantity of materials or inputs required for production under normal conditions.
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