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According to SOX, a company's financial statements must be certified by the company's
Supplies Cost
The cost associated with purchasing supplies necessary for the daily operations of a business.
Flexible Budget
A budget that is flexible and adjusts according to activity level or volume changes.
Materials Price Variances
The difference between the actual cost of materials and the standard cost, multiplied by the quantity purchased.
Rush Orders
Orders that are given priority over others, typically requiring faster production and delivery times at potentially higher costs.
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