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An OTA is meeting with a client who is in the process of changing her lifestyle in order to lose weight. The client seems very overwhelmed with this process and is unsure where she should start. What can the OTA suggest to the client as a first step?
Materials Quantity Variance
The difference between the actual quantity of materials used in production and the expected amount, which can indicate efficiency or waste.
Materials Price Variance
The difference between the actual cost of materials purchased and the expected cost, based on standard prices.
Labor Rate Variance
The difference between the actual cost of labor and the expected (or standard) cost, based on the hours worked.
Labor Rate Variance
A specific type of variance that measures the difference between the actual hourly wage paid to workers and the standard rate expected.
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