Examlex
Dr. Alondro is an information-processing psychologist, thus he is most likely to emphasize:
Materials Price Variance
The deviation from the standard to the real price of materials, calculated by multiplying this difference by the amount of materials bought.
Variable Overhead
Overhead costs that vary directly with the level of production or activity, such as electricity or material handling costs.
Direct Material
Raw materials that can be directly traced to the production of a specific product and are a significant component of its cost.
Variable Overhead
Costs of overhead that vary directly with the level of production, such as utilities or indirect materials.
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