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Which Group Is Incorrect

question 86

Multiple Choice

Which group is incorrect?


Definitions:

Direct Materials Variances

The variance between the real expense of direct materials in production and their expected standard cost.

Standard Direct Materials Cost

Standard direct materials cost is the estimated or pre-determined cost of raw materials used in production, based on standard pricing.

Standard Quantity Allowed

The predetermined amount of materials or inputs expected to be used in the production of goods or services under normal conditions.

Total Sales Variance

The difference between a company's actual sales and its budgeted or projected sales, indicating performance deviations.

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