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The effective use of persistence means
Quantity Variance
The difference between the expected and actual quantities of inputs used in the production process, affecting the cost of goods sold.
Price Variance
The difference between the actual cost of a good or service and its expected or budgeted cost.
Total Cost Variance
The difference between the actual cost incurred and the standard cost, reflecting how well costs are controlled during a production process.
Factory Overhead Cost
All of the costs of producing a product except for direct materials and direct labor.
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