Examlex
__________ locks can be changed after they are put in service, allowing for combination or key changes without a locksmith and even allowing the owner to change to another access method (key or combination) to upgrade security.
Direct Materials Quantity Variance
The difference between the actual quantity of materials used in production and the standardized expected quantity, valued at the standard cost per unit.
Direct Materials
Raw materials that are directly traceable to the production of a specific product and are significant in cost.
Favorable
A term usually used in finance and accounting to describe results that are better than anticipated or that result in a benefit.
Standard Direct Materials Costs
The budgeted or standard cost of the raw materials required to produce a unit of product.
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