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Materials Quantity Variance
The difference between the actual quantity of materials used in production and the expected quantity according to standards.
Direct Material Used
The raw materials directly incorporated into a product during the manufacturing process.
Variable Manuf. Overhead
Costs associated with the production process that vary with the level of output, such as utility costs and some labor expenses; it’s a focused subset of variable manufacturing costs.
Materials Quantity Variance
A measurement of the difference between the actual quantity of materials used in production and the standard quantity expected to be used, often reflecting efficiency in material usage.
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