Examlex
Which of the following nonreactive measures is an example of observation?
Direct Materials Cost Variance
The difference between the budgeted cost of materials and the actual cost used in production.
Materials Cost
The expense incurred for the raw materials that are used in the production of goods or services.
Yards Per Unit
A measurement used to indicate the amount of yardage (length in yards) of material required or utilized per unit of production.
Direct Labor Variances
The differences between the budgeted or standard costs of direct labor and the actual costs incurred, which can indicate efficiencies or inefficiencies in labor usage.
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