Examlex
What is extraction, transformation, and loading?
Standard Direct Materials Costs
The budgeted or standard cost of the raw materials required to produce a unit of product.
Standard Price
A predetermined cost that companies use to budget and evaluate the performance of actual costs.
Standard Quantity
The established amount of materials or inputs expected to be used in the production of a good or service.
Total Manufacturing Cost Variance
The difference between total standard costs and total actual costs for the units produced.
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