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Direct Materials Quantity Variance
The difference between the actual quantity of materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit of material.
Units
Basic quantities or measures used to express the amount, level, or extent of something.
Fixed Factory Overhead Volume Variance
The difference between the budgeted and actual fixed overhead costs, attributable to variations in the volume of production.
Supervisors
Individuals in an organization responsible for overseeing the work of employees and managing their performance.
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