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Which of the following was NOT among the Nixon administration's most liberal policy decisions?
Direct Materials Quantity Variance
The difference between the actual quantity of materials used in production and the expected amount, valued at the standard cost.
Per-unit Standards
Benchmark cost measures for the production of one unit of a product, covering all relevant costs of production.
Gallons
A unit of volume used primarily in the United States to measure liquids.
Materials Variance
The difference between the expected cost of direct materials and the actual cost incurred.
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