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In which two environments are shield volcanoes found?
Quantity Variances
The difference between the expected and actual number of units used or produced, which can affect costing and budgeting assessments.
Price Variance
The difference between the actual price paid for a purchase and the standard or expected price, usually applied to direct materials or direct labor costs.
Quantity Variance
A measure of the difference between the expected and actual quantities used in production, affecting materials or labor.
Overhead Absorbed
The overhead rate multiplied by standard units of volume.
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