Examlex
If a teacher calls in sick,a computer starts dialing phone numbers of substitute teachers.This is an example of ____________________.
Particular Product
A specific item or commodity that is produced or sold by a business.
Last Month
Refers to the month immediately preceding the current month, used in reporting and analysis to compare recent performance or activity.
Materials Price Variance
The difference between the actual cost of materials used in production and the standard cost multiplied by the actual quantity of materials used.
Materials Quantity Variance
This variance measures the difference between the actual quantity of materials used in production and the expected quantity, multiplied by the standard cost per unit of material.
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