Examlex
One of the major disadvantages of magazines is the inability to advertise to specific target markets.
Direct Materials Price Variance
The difference between the actual cost of direct materials used in production and the expected (or standard) cost of those materials.
Per-unit Standards
Benchmarks or norms for the cost or quantity of materials, labor, and overhead required to produce one unit of product, used for budgeting and performance evaluation.
Gallons
Gallons are a measure of volume used primarily in the United States, equivalent to 3.785 liters.
Labor Quantity Variance
The difference between the actual labor hours used in production and the standard hours expected, multiplied by the standard hourly labor rate.
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