Examlex
Please define the following key terms
-invasion of Manchuria
Direct Materials Price Variance
The variance between the real expense of direct materials utilized in production and their predetermined cost, multiplied by the real amount of materials used.
Pounds
A unit of weight commonly used in the United States' customary and British imperial measurement systems.
Overhead Cost Variance
The difference between the actual overhead incurred and the overhead that was expected or budgeted.
Management By Exception
A management strategy where leadership steps in only when performance deviates significantly from standards, focusing on the exceptions rather than routine operations.
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