Examlex
Which of the following is NOT a source document of a business enterprise?
Standard Price
A predetermined cost attributed to materials, labor, and overhead to facilitate budgeting and variance analysis.
Efficiency Standard
A benchmark for measuring the optimal use of resources in the production of goods or the delivery of services.
100% Efficiency
A theoretical situation where all resources are utilized to their maximum capacity without any waste, often used as a benchmark or target in productivity and operations management.
Variances
Differences between planned figures and actual performance or results, often analyzed in budgets and standard costing.
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