Examlex
In _________________, which is used in quality control, successive units taken from production lines are
sampled to ensure that the products meet certain standards set by the manufacturing company.
________________________________________
Controllable Variance
The difference between the actual variable overhead costs and the budgeted variable overhead for actual production.
Direct Materials Quantity Variance
The difference between the actual quantity and the standard quantity of direct materials used in producing a product multiplied by the standard direct material price.
Units
A measure of quantity used to express the amount of a product, service, or resource used or produced in a transaction.
Direct Materials Quantity Variance
The difference between the actual quantity of materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit of material.
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