Examlex
Which term does NOT belong with the others?
Materials Price Variance
The difference between the actual cost of materials used in production and the expected (or standard) cost, reflecting changes in material prices.
Raw Materials Purchases
The total cost incurred from buying raw materials that are to be used in the production process.
Standard Costs
The predetermined costs of manufacturing a single unit or a number of product units during a specific period under current or anticipated operating conditions.
Gallons
A volume measurement primarily utilized in the United States for quantifying liquid substances.
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