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In the list of ____ options shown by item 2 in the figure above, the link option is selected by default.
Standard Costs
Predetermined costs for materials, labor, and overhead used as targets for controlling production costs.
Direct Materials Price Variance
The difference between the actual cost and the standard cost of direct materials used in production.
Standard Materials Quantity
The estimated amount of materials expected to be used in the production of a product under normal operating conditions.
Board Feet
A unit of measure for lumber, representing a volume of 144 cubic inches, equivalent to a board that is one foot long, one foot wide, and one inch thick.
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