Examlex
Briefly contrast exploratory, descriptive and causal research.
Data Period
A specified duration of time for which data is gathered and analyzed.
Direct Materials Cost Variance
The difference between the budgeted cost of materials and the actual cost incurred for materials used in production.
Standard Materials Cost
The budgeted or estimated cost of raw materials required for production, used for cost control and variance analysis.
Material Used
The raw materials that have been consumed in the production process to create goods.
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