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Quantity Standard
The predetermined amount of materials, labor, and overhead that should be used for each unit of production.
Unit Of Product
A single item or instance of a product manufactured or sold by a company.
Input
Resources used in the process of production, including raw materials, labor, and overhead costs.
Materials Quantity Variance
The difference between the actual quantity of materials used in production and the standard quantity allowed for the actual output, multiplied by the standard price per unit of materials.
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