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Why did so many Northerners ignore the Fugitive Slave Act of 1793?
Standard Cost
A predetermined cost of manufacturing, calculated based on the expected costs of material, labor, and overhead for a unit of product.
Materials Price Variance
The difference between the actual cost of materials used in production and the standard cost, reflecting changes in material prices.
Materials Quantity Variance
The difference between the expected amount of materials needed for production and the actual amount used.
Materials Price Variance
The difference between the actual cost of materials used in production and the expected (or budgeted) cost.
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