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standard costs and balanced scorecard
-calculate all variances-explain what each variances means in non-technical language-internal business process performance terminology and concepts (PVA, value added, non- value added, DCT, throughput & MCE)-formulas for each variance-Journal entries to record variances, understand the various terms like standard costs,balanced scorecard,ideal standard,practical standard,direct material,direct labor,FFOH,variance,process value analysis,delivery cycle time,throughput time,manufacturing cycle efficiency
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