Examlex
Which of the following is not true regarding target cells?
Direct Materials Purchases Variance
This measures the difference between the actual cost of direct materials purchased and the expected (or standard) cost of those materials.
Actual Results
The real outcomes or data achieved, as opposed to forecasts or projections.
Materials Price Variance
The difference between the actual cost of materials and the expected (standard) cost, used for budgeting and cost control.
Actual Production
Refers to the actual quantity of goods or services produced during a specific period, as opposed to planned or projected amounts.
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