Examlex
Which of the following terms describes synapses?
Direct Material
Direct Material includes raw materials that are directly incorporated into a finished product and can be easily traced to the product itself.
Standard Cost
A predicated cost for a product or service, under normal conditions, used for budgeting and performance evaluations.
Materials Price Variance
The variance between the real expense of direct materials utilized in manufacturing and the projected standard expense for those materials.
Direct Materials Purchased
Raw materials bought that are directly used in the manufacturing of products.
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