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Is the following reaction reversible and,if so,under what conditions?
Quantity Variance
The difference between the expected amount of materials or products required for production and the actual amount used, affecting budget or efficiency evaluations.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product.
Favorable
A term used in accounting and finance to describe a condition or result that is better than expected or budgeted.
Time Variance
The difference between the expected time to complete a task and the actual time taken.
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