(study notes needed) Standard Costs Standard vs Budget costs Standard direct materials price Standard direct materials quantity Standard direct labor rate Standard direct labor hours Total materials variance Favorable and unfavorable variance Direct materials price variance Capital budget Net annual cash flow Payback period Net Present Value Profitability Index Internal Rate of Return Liquidity Solvency Profitability Horizontal Analysis Vertical Analysis Acc ounts Receivable Turnover Ratio Times Interest Earned Inventory Turnover Price - Earnings Ratio Profit Margin Debt to Asset Ratio Annotations