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When should you use enclosure notation on a job-application letter?
Direct Materials Purchases Variance
is the difference between the actual cost of direct materials purchased and the expected cost under standard costing.
Actual Operations
The real, observed activities and results of a business's operations, as opposed to projections or estimates.
Materials Quantity Variance
The variance between the real amount of materials consumed in the production process and the anticipated standard amount, times the standard unit cost.
Direct Materials Purchases Variance
A measure used in accounting to analyze the difference between the budgeted cost of materials needed for production and the actual cost incurred.
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