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The group that took power in Japan in the second half of the nineteenth century, following the arrival of U.S. naval vessels in Tokyo bay, were known as the:
Efficiency Variance
The difference between the actual input used in production and the standard input that was expected to be used.
Spending Variance
The difference between the actual amount spent and the budgeted amount for a category or period, indicating over or underspending.
Quantity Variance
The difference between the actual quantity of materials or labor used in production and the expected (or standard) quantity.
Overhead Cost Variance
The difference between the actual overhead costs incurred and the standard or expected overhead costs.
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