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How do jet streams form?
Standard Direct Materials Cost
Standard direct materials cost is the estimated or pre-determined cost of raw materials used in production, based on standard pricing.
Standard Quantity Allowed
The predetermined amount of materials or inputs expected to be used in the production of goods or services under normal conditions.
Total Sales Variance
The difference between a company's actual sales and its budgeted or projected sales, indicating performance deviations.
Average Price
The mean price of a product or stock over a specific period, calculated by dividing the total cost by the number of units.
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