Examlex
The crisis that occurred between the Soviet Union and the United States in 1962 that nearly precipitated a nuclear war between the two superpowers took place in
Direct Materials Purchases Variance
The difference between the actual costs of materials purchased and the expected (or standard) costs for the materials used.
Direct Materials
Direct materials are raw materials that are directly traceable to the manufacturing of a product. They are an essential component of the total manufacturing cost of a product.
Variance
The difference between planned or expected performance and actual performance, often analyzed in budgeting and performance management.
Liters
A metric unit of volume equal to 1,000 cubic centimeters, commonly used to measure liquids.
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