Match the Term with the Appropriate Definition

question 5

Multiple Choice

Match the term with the appropriate definition.
-renal blood flow

• A)amount of blood flowing through kidneys per minute
• B)amount of plasma filtered through filtration membrane
• C)movement of plasma across filtration membrane
• D)movement of substances from filtrate back into blood
• E)non-reabsorbed filtrate

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Definitions:

Material Quantity Variance

A financial measurement that calculates the difference between the expected amount of materials and the actual amount used, affecting production costs and efficiency.

Material Price Variance

The difference between the actual cost of materials used to produce a product and the standard or expected cost.

Direct Material Variances

The difference between the actual cost of direct materials used in production and the standard cost, indicating efficiency in using materials.

Favorable Variances

Variances that occur when actual costs are less than standard or budgeted costs, or actual revenues exceed expectations, benefiting the company's financial performance.