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Technician A says chevron seals are used at the front and rear of the crankcase. Technician B says dynamic seals are used to seal moving parts. Who is right?
Normal Standard
A benchmark or baseline condition expected to be present in a set of data, processes, or operations.
Direct Materials Price Variance
The difference between the actual cost of direct materials and the expected cost at standard prices.
Actual Price
The price at which goods or services are sold, reflecting current market conditions.
Standard Price
A predetermined cost serving as a benchmark for the valuation of goods and services in accounting and budgeting.
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