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What are some of the lessons provided by Kotter's Process of Leading Change?
Standard Costs
The estimated costs associated with manufacturing, aimed at aiding budgeting and performance evaluation.
Direct Materials Purchases Variance
The difference between the actual costs of materials purchased and the expected (or standard) costs for the materials used.
Direct Materials
Direct materials are raw materials that are directly traceable to the manufacturing of a product. They are an essential component of the total manufacturing cost of a product.
Variance
The difference between planned or expected performance and actual performance, often analyzed in budgeting and performance management.
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