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Standard costs are also known as predetermined costs in terms of money, quantity or time as the basis of standard costing. They are used as…

Vitamin Deficiency Anemia Definition Vitamin deficiency anemia is a lack of healthy red blood cells caused when you have lower than normal amounts of certain…

Division Terms There are four terms which describe the four numbers in a division problem. The dividend is the number that is being divided. The…

Concept of Variance Analysis Variance analysis is the quantitative investigation of the difference between actual and planned behavior. The terms variance refers to the deviation…

Holmium Definition Holmium is a soft, silvery, malleable metallic element of the lanthanide series. Its compounds are highly magnetic. Its atomic number 67; atomic weight…

Converting Decimal Numbers to Scientific Notation When working with very large or very small numbers, scientists, mathematicians, and engineers often use scientific notation to express…

Lanthanum Definition Lanthanum is a soft, malleable, silvery-white metallic element of the lanthanide series. It is the eponym of the lanthanide series, a group of…

The part of the annual profit of a company distributed among its shareholders is called dividend. It is a sum of money paid regularly (typically…

Morphine Definition Morphine is a highly addictive drug derived from opium and used to treat intractable pain, as in severe injury or metastatic cancer. It…

Concept and Meaning of Standard Costing Standard costing is an important subtopic of cost accounting. Standard costs are usually associated with a manufacturing company’s costs…

Yttrium Definition Yttrium is a silvery metallic element found in the same ores as elements of the lanthanide series. It is almost always found in…

Converting Percent to Fraction and Decimal When we talk, we often use different words to express the same thing. For example, we could describe the…