Examlex
Which of the following is NOT true about digital imaging?
Last Year's Margin
The difference between sales revenue and the cost of goods sold in the previous fiscal year, often used as a benchmark for financial performance.
Unfavorable Effect
Occurs when actual costs exceed budgeted costs, or actual revenues are less than expected, negatively impacting financial performance.
Trained Workers
Personnel who have received specific training to perform their job duties effectively and efficiently.
Variances
Differences between planned or standard costs and actual costs, analyzed to understand and manage costs within financial planning.
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