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PeopleSoft designs, produces, and markets software that enables companies to automate basic human-resources functions such as payroll. At its inception, the company's leaders encouraged employees to get in touch with their feelings. The work environment was laid back, employees' dogs roamed the halls, and sunny days found employees playing Frisbee on the corporate lawns. This is known as:
Direct Materials Quantity Variance
The difference between the actual quantity of direct materials used in production and the standard quantity expected, valued at the standard cost.
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