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Karla's friend, Jessica, always had to have the last word. If Karla complained about a difficult test, Jessica would say, "That's nothing, you should see the tests Dr. Brown gives." If Karla is excited about a trip she is going to take, Jessica would say, "Oh, I've been there lots of times." Jessica could be described as having _____.
Currently Attainable Standard
This refers to a standard or benchmark that can be achieved under current operating conditions with reasonable efficiency.
Unfavorable Cost Variance
A variance that occurs when the actual cost exceeds the standard cost.
Favorable Cost Variance
A variance that occurs when the actual cost is less than standard cost.
Revenue Price Variance
The difference between the actual revenue received from selling a product and the expected revenue, based on standard pricing.
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