Examlex
The reconciliation that occurs in the shipping department is intended to ensure that
Favorable Variance
A financial term indicating that actual costs were lower than the planned or standard costs in a budget.
Budgeted Amount
The total amount of money that has been allocated for a specific purpose or period of time.
Return on Assets
A financial ratio that measures the profitability of a company in relation to its total assets.
Net Income
The total profit of a company after all expenses and taxes have been deducted from revenue.
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