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In the wake of the French defeat in Montreal in 1760,the French population in Canada
Price Variances
Differences between the actual prices paid for goods or services and the expected or standard prices.
Quantity Variances
The difference between the expected amount of inputs needed for production and the actual amount used, often analyzed in cost accounting to assess efficiency.
Standard Costs
Predetermined or estimated costs of manufacturing, selling, or performing a service, used as targets and benchmarks against actual costs.
Direct Labor Rate Variance
The difference between the actual cost of direct labor and the expected (or standard) cost, based on the standard rate and actual hours worked.
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