Examlex
The term atomic weight refers to the average mass number for a particular element based on the typical proportions of different isotopes found in nature.
Variable Overhead
Costs that vary with the level of production output, such as materials, utilities, and commissions, contrary to fixed overheads.
Total Direct Materials Cost Variance
The difference between the budgeted cost of direct materials and the actual cost incurred for the materials.
Direct Materials
Raw materials that are directly used in the manufacturing of a product and can be easily traced to it.
Controllable Variance
The difference between expected and actual costs that managers have the power to influence directly.
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