Examlex
Creativity should be used only in cases of nonprogrammed problems.
Materials Quantity Variance
The difference between the expected and actual quantities of materials used in production, valued at the standard cost.
Production Department
A division within a company that is responsible for the manufacture of goods.
Investigation
The systematic examination or inquiry into something to establish facts and reach new conclusions.
Materials Price Variance
It measures the difference between the actual cost of materials used in production and the expected (standard) cost.
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