Examlex
Which of the following is considered an input in the systems thinking example of a TPS?
Materials Price Variance
This is the difference between the actual cost of direct materials and the standard cost, multiplied by the quantity purchased.
October
The tenth month of the year in the Gregorian calendar, preceding November.
Variable Overhead Efficiency Variance
This is the difference between the expected (standard) cost of variable overheads based on actual production outputs and the actual variable overhead costs incurred.
Materials Quantity Variance
A measure of the difference between the actual quantity of materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit of materials.
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