Examlex
The term routing refers to the travel pattern the salesperson uses in working his or her territory.
Standard Direct Materials
The budgeted cost for direct materials which are the raw materials that can be directly attributed to the production of goods, used for budgeting and performance evaluation.
Actual Materials Price
The real cost incurred to acquire materials used in the production process, as opposed to the budgeted or standard cost.
Standard Price
A predetermined cost assigned to materials, used for budgeting and variance analysis.
Standard Direct Materials
The predetermined cost and quantity of raw materials required for the production of a unit of product under normal conditions.
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