Examlex
Fill in the missing reagents and intermediates in the synthetic sequence below.
Direct Materials Cost Variance
The difference between the actual cost of direct materials used in production and the standard cost expected to be used.
Direct Labor Cost Variance
The difference between the budgeted cost of direct labor and the actual cost incurred.
Cost Variance
The difference between the expected (budgeted) cost and the actual cost incurred.
Actual Costs
The real, observed expenditures incurred as opposed to estimated or standard costs.
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