Examlex
Which of the following is the exclusive domain of the prosecutor?
Materials Quantity Variance
The difference between the expected amount of materials needed for production and the actual amount used.
Materials Price Variance
The difference between the actual cost of materials used in production and the expected (or budgeted) cost.
Materials Quantity Variance
The difference between the actual quantity of materials used in production and the standard amount expected to be used, multiplied by the standard cost per unit.
Standard Cost Variances
The differences between the actual costs incurred and the standard costs set for producing a good or service.
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