Examlex
Ideally, all managers should be leaders.
Standard
Typically refers to an accepted level of quality or achievement that is used as a measure, norm, or model in comparative evaluations.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a specific product and are an integral part of the finished product.
Actual Price
The price at which a good or service is sold in the market, as opposed to its listed or theoretical price.
Standard Costing
An accounting method that uses standard costs for cost control and financial reporting.
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