Examlex
ERP is now about enterprise applications
Operating Period
This term describes the span of time during which a business operates or performs its principal activities, often measured in fiscal quarters or years.
Quantity Variance
The difference between the expected and actual amount of materials or products used in production, affecting cost and efficiency.
Standard Quantity
The amount of materials or resources that should be used for the production of a good or service under normal conditions.
Cost Variance
The difference between the actual cost incurred and the expected cost, based on standard costing or budgeted amounts.
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