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The functional units of the nervous system are
Revenue Volume Variance
The difference between the planned and actual units sold multiplied by the planned sales price.
Total Revenue Variance
The difference between the actual total revenue earned and the expected total revenue in a period.
Direct Materials Price Variance
The difference between the actual cost of direct materials and the standard cost, multiplied by the quantity purchased.
Direct Labor Rate Variance
The difference between the actual cost of direct labor and the expected (or standard) cost multiplied by the actual hours worked.
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