Examlex
A coil cannot be tested while it is removed from the circuit.
Actual Price Per Pound
The real cost of a commodity or material expressed on a per pound basis.
Standard Price Per Pound
A predetermined cost set for a pound of material, used in budgeting and costing to assess efficiency and variances in purchasing or production.
Total Direct Materials Cost Variance
The difference between the actual cost of direct materials used in production and the expected (or standard) cost.
Total Variable Overhead Variance
The difference between the actual variable overhead costs incurred and the expected (or budgeted) variable overhead costs.
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