Examlex
Into which category of aggregate expenditure would each of the following transactions fall?
a.Sandra MacMillian purchases a new Toyota Corolla made in Cambridge, Ontario.
b.The city of Vancouver buys 5 new garbage trucks.
c.Adrian Garcia buys a newly constructed townhome in Winnipeg.
d.An airline in Latvia orders a new airplane from Bombardier.
e.Magna International buys 300 new BlackBerry phones.
Direct Labor
The wages of employees or workers who are directly involved in the production of goods or services.
Direct Materials Quantity Variance
The difference between the actual quantity of materials used in production and the standard amount expected, multiplied by the standard cost per unit.
Standard Materials Cost
The pre-determined cost of materials that should be consumed under efficient operating conditions.
Material Used
The raw materials consumed in the manufacturing process to produce goods.
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