Examlex
When utilizing univariate techniques,for nonmetric data,when there is (are) ________,sign,McNemar,and Wilcoxon tests can be used.
Materials Price Variance
The financial difference between the actual cost of materials and the expected (standard) cost, indicating cost management efficiency.
Direct Material
Materials that can be directly associated with the production of goods, directly entering into and being a significant component of the finished product.
Kilos
A metric unit of mass or weight equal to one thousand grams.
Labor Efficiency Variance
The difference between the actual hours worked and the standard hours worked, multiplied by the standard labor rate.
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