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A cellular phone manufacturer is more likely to use a process costing system rather than job order costing.
Spending Variance
The difference between the actual spending and the budgeted or planned spending in a given period.
Revenue Variance
The difference between the actual revenue earned and the expected revenue according to budget.
Net Operating Income
The profit derived from a company's regular business operations, excluding deductions of taxes and interest expenses.
Revenue And Spending Variances
The differences between the actual and budgeted amounts of revenue and expenses.
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