Examlex
One advantage of a database is:
Direct Materials
The cost of raw materials that can be directly traced to the production process.
Materials Price Variance
The difference between the actual cost of materials used in production and the expected standard cost, which can indicate changes in material costs over time.
Particular Product
A specific item produced by a company, distinguished by its unique characteristics, as opposed to a general category of products.
Last Month
Refers to the period of time immediately preceding the current month.
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