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When partners in conflict work to separate people from the problem they
Materials Price Variance
The difference between the actual cost of materials used in production and the budgeted cost, based on standard pricing.
Total Materials Variance
The difference between the actual cost of materials used in production and the standard cost of those materials.
Overhead Controllable Variance
Overhead Controllable Variance refers to the difference between the actual indirect operational expenses incurred and the budgeted or expected overhead costs that could be influenced by management decisions.
Total Overhead Variance
The difference between the actual overhead incurred and the standard overhead assigned to production.
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