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List and Describe (5) Examples of Structured and or Unstructured

question 45

Essay

List and describe (5) examples of structured and or unstructured information needed and produced by the business.


Definitions:

Direct Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity expected, multiplied by the standard cost per unit.

Flexible Budget Sales

Projected sales figures that can adjust based on changes in production levels or market conditions.

Actual Sales

Revenue generated from goods sold or services provided in a particular period, factually recorded.

Sales Variance

Sales variance is the difference between actual sales and budgeted or planned sales, used to assess performance.

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