Examlex
Which of the following is not a filing status?
Materials Price Variance
The difference between the actual cost of materials and the expected (standard) cost, used to evaluate budgeting efficiency.
Materials Quantity Variance
The difference between the actual quantity of materials used in production and the standard amount expected, multiplied by the standard cost.
Total Materials Variance
The difference between the actual cost of materials used in production and their standard cost, reflecting efficiency or inefficiency.
Materials Quantity Variance
The difference between the expected and actual quantities of materials used in production, valued at the standard cost.
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