Examlex
How can global operations improve the supply chain?
Supplies Cost
The expenses associated with purchasing materials and supplies used in the operation of a business, not directly tied to production.
Manufacturing Overhead
All indirect costs associated with the manufacturing process, such as utilities, maintenance, and factory management salaries.
Materials Quantity Variance
The difference between the actual quantity of materials used in production and the standard quantity expected, multiplied by the standard cost per unit.
Direct Material Standards
The predetermined cost and quantity of materials required for the manufacturing of a product.
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