Examlex
The combination of the Soviet Union declaring war on Japan in August 1945 and the devastation caused by nuclear bombs persuaded Emperor Hirohito to surrender unconditionally on 15 September 1945.
Total Direct Materials Cost Variance
The difference between the actual cost of direct materials used in production and the expected (or standard) cost.
Total Variable Overhead Variance
The difference between the actual variable overhead costs incurred and the expected (or budgeted) variable overhead costs.
Material Quantity Variance
A financial measurement that calculates the difference between the expected amount of materials and the actual amount used, affecting production costs and efficiency.
Material Price Variance
The difference between the actual cost of materials used to produce a product and the standard or expected cost.
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