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What were the major technological advancements of the post-Civil War era? How did these advancements contribute to the expansion of America's Industrial Revolution?
Actual Costs
The true amount of money spent on a project or activity, as opposed to estimated or budgeted costs.
Standard Costs
Standard costs are predetermined estimates of the cost to manufacture a single unit or a number of units of a product during a specific time period.
Variance Standard
A method used in budgeting and accounting to analyze the difference between planned financial outcomes and actual results.
Quantity Standard
A predetermined benchmark of the amount of input that should be used in the production of goods or services.
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