Examlex
Clear advantages to having home-country professionals evaluate expatriates include which of the following?
Direct Materials Cost Variance
The difference between the budgeted cost of materials and the actual cost incurred for materials used in production.
Standard Materials Cost
The budgeted or estimated cost of raw materials required for production, used for cost control and variance analysis.
Material Used
The raw materials that have been consumed in the production process to create goods.
Total Labor Cost Variance
This refers to the difference between the actual labor costs incurred and the standard labor costs for the actual production levels.
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