Examlex
The parentheses after the Date()object mean the Date()object can retrieve a specified date and time or the current system date and time.
Material A
Material A most likely refers to a specific type of raw material used in production processes, identifiable by a unique characteristic or designation.
Materials Price Variance
The variance between the standard cost and the actual expense of materials, calculated by multiplying the actual volume of materials utilized.
Total Labor Variance
A metric that measures the difference between the actual cost of labor and the standard or budgeted cost.
Materials Quantity Variance
This refers to the difference between the expected amount of materials needed for production and the actual amount used, which can impact manufacturing costs.
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