Examlex
________ is not a strategy for reduction of customer-induced variability.
Material Variances
The difference between the actual cost of materials used in production and the standard cost of materials that should have been used.
Quantity Variance
The difference between the expected and actual quantity of materials or labor used in a production process.
Price Variance
Price variance is the difference between the actual price paid for something and its expected price, affecting the budget for materials or expenses.
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