Examlex
Independent testers are critical in testing information systems mainly because ________.
Direct Materials Quantity Variance
The difference between the actual quantity of materials used in production and the expected quantity, multiplied by the standard cost per unit.
Price Variance
The difference between the expected price and the actual price paid for an item.
Factory Overhead Volume Variance
The difference between the budgeted and actual overhead costs due to variations in the volume of production.
Direct Labor Rate Variance
The difference between the actual cost of direct labor and the expected (or standard) cost, based on the hours actually worked.
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