Examlex
Cognitive style
Variable Overhead
Costs that vary with the level of production output, such as utilities and commissions.
Materials Price Variance
The difference between the actual cost of materials and the standard cost, multiplied by the actual quantity of materials used.
Variable Manufacturing Overhead
This refers to the manufacturing overhead costs that vary with the level of production, such as utilities or indirect materials.
Materials Price Variance
The variance between the standard cost and the actual expense of materials, factored by the number of materials acquired.
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