Examlex
The = SUM function adds up the number of cells containing values in the specified range. ____________________
Variance Standard
A method used in budgeting and accounting to analyze the difference between planned financial outcomes and actual results.
Quantity Standard
A predetermined benchmark of the amount of input that should be used in the production of goods or services.
Quantity Variance
The difference between the actual quantity of material used in production and the standard quantity expected to be used.
Direct Materials
Raw materials that can be directly associated with the production of a product and are an integral part of the finished product.
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