Examlex
The name of PCl3 is ________.
Actual Costs
The real costs incurred in the production, acquisition, or realization of goods and services, as opposed to estimated or standard costs.
Direct Materials Price Variances
The difference between the actual cost of direct materials and the standard cost, used to measure cost management efficiency.
Quantity Variances
Differences between the expected and the actual amount of materials, labor, or overhead used in production.
Standard Costs
Predetermined costs to manufacture a single unit or a number of units of a product during a specific period.
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