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Between 1915 and 1925,the size of the eligible voting population in the United States almost doubled.The main reason for this was that
Materials Quantity Variance
The difference between the actual quantity of materials used in production and the expected quantity, valued at standard cost.
Favorable
A term used in variance analysis indicating that actual costs were lower than budgeted or standard costs, leading to higher profits.
Unfavorable
A term used in variance analysis to describe a situation where actual results are worse than expected results, often leading to a negative impact on financial performance.
Raw Materials Price Variance
This variance highlights the difference between the actual cost of raw materials used in production and the standard or expected cost.
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