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CO2 and H2O will not form glucose on their own because
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels.
Direct Materials Quantity Variance
The difference between the actual quantity of direct materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit.
Direct Material Price Variance
The difference between the actual cost of direct materials and the standard cost multiplied by the quantity purchased, used in variance analysis for cost control.
Actual Price Per Pound
The real cost of a commodity or material expressed on a per pound basis.
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