Examlex
Victimization surveys help to estimate the amount of unrecorded crime.
Standard Price
A pre-determined cost assigned to goods and services, used as a benchmark in budgeting and variance analysis.
Pounds
A unit of weight commonly used in the British imperial and United States customary measurement systems.
Direct Materials Price Variance
The difference between the actual cost of direct materials used in production and the expected (or standard) cost of those materials.
Per-unit Standards
Benchmarks or norms for the cost or quantity of materials, labor, and overhead required to produce one unit of product, used for budgeting and performance evaluation.
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