Examlex
People tend to interpret new information in a way that will support what they already believe.This is called ________.
Materials Quantity Variance
The difference between the actual quantity of materials used in production and the expected quantity, multiplied by the standard cost per unit of material.
Kilos
A metric unit of mass equal to one thousand grams, commonly used for measuring weight in many countries.
Materials Price Variance
The difference between the actual cost of materials and the standard cost, multiplied by the quantity purchased.
Ounces
A unit of weight commonly used in the United States and the United Kingdom, equal to one-sixteenth of a pound.
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