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Standard cost are very important in lean manufacturing and systems help with determining and adjusting the costs. When our actual results differ from our planned
Standard cost are very important in lean manufacturing and systems help with determining and adjusting the costs. When our actual results differ from our planned results, we have a variance. Specifically - the calculation of variances for materials price, materials quantity, labor rate, labor quantity, controllable overhead, and overhead volume is essential to planning, controlling and decision-making. How can systems help in this area?
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