Examlex
Why are older Canadians attracted to starting their own business?
Net Operating Income
The profit generated from a company's normal business operations, excluding non-operating income and expenses.
Materials Quantity Variance
Materials quantity variance is the difference between the actual quantity of materials used in production and the expected quantity, based on standard usage rates.
Materials Price Variance
The difference between the actual cost of materials and the standard cost, used to assess efficiency in purchasing raw materials.
Raw Materials
The basic substances in their natural, modified, or semi-processed states, used as inputs for the production process in manufacturing goods.
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