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Difference between high standard of living and high cost of living?
Wiki User
∙ 11y ago
The cost of living is the cost maintaining a certain standard of living. The standard of living refers to he level of wealth, comfort, material goods and necessities available to a certain socioeconomic class in a certain geographic area. The standard of living is closely related to the quality of life.
Wiki User
∙ 11y ago
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What is the difference in inflation between Ancient Rome and America?
The increase in the cost of goods within the economy.
find the difference in cost between 12 articles at 3p each and 12 articles at 5p each?
The cost of 12 articles with 3p each would be 36p. The cost of 12 articles with 5p each would be 60p. The difference in "p" would be 34p.
What was the Cost of living in the 1700 to 1900?
nothing.
What is the Cost of living in US?
Varies on where you live. Also depends on the economy.
Which was an effect of the Industrial Revolution in the early 1800?
Living conditions became worse for many people. The cost of living went down slightly. Per capita income increased. More people began living in cities. Productivity increased.
What is the difference between marginal cost and standard cost?
The main difference between standard cost and marginal cost is that in standard cost a target is set and in marginal cost there is no target set. Marginal cost is the change of the total cost due to the quantity produced.
Difference between standard cost actual cost and normal cost?
prices
Difference between histotical cost and standard cost?
Standard cost is the cost which is basis to measure the actual cost historical cost is the initial cost
The difference between actual and standard cost caused by the difference between the actual quantity and the standard quantity is called the?
The difference between actual quantity and standard quantity is called the material quantity variance.
What is the differences between standard cost and marginal cost?
The main difference between standard cost and marginal cost is that in standard cost a target is set and in marginal cost there is no target set. Marginal cost is the change of the total cost due to the quantity produced.
What is favourable?
A favorable variance is the difference between the budgeted or standard cost and the actual cost. If the actual cost is less than budgeted or standard cost, it is a favorable variance.
What is favourable variance?
A favorable variance is the difference between the budgeted or standard cost and the actual cost. If the actual cost is less than budgeted or standard cost, it is a favorable variance.
What do you mean by labor cost variance?
Labor cost variance means the difference between standard labor cost and actual labor cost.
How does a "cost of living" calculator work?
A cost of living calculator compares the living costs in two different cities by using your present salary and location to show the difference in the cost of living in the city you are thinking of moving to and how much you need to earn to maintain your standard of living in your present city.
When computing standard cost variances the difference between actual and standard price multiplied by actual quantity yields what?
Price Variance
What is the difference between UPS Ground and UPS standard?
UPS Ground is the most cost efficient of the two but standard is significantly faster
Are standard of living and cost of living same?
yes
