Examlex
Express the number in words.
-938,060
Materials Price Variance
The difference between the actual cost of materials used in production and the expected cost based on standard prices.
Variable Overhead Spending Variance
The difference between the actual variable overheads incurred and the expected variable overheads based on the standard cost for the actual production level.
Standard Variable Overhead Rate
The estimated cost per unit of the variable overheads that are expected to be incurred in the production process.
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