Examlex
You are using _____ function of language.
Materials Price Variance
A financial metric measuring the deviation between the budgeted or standard cost of materials and the actual cost incurred.
Variable Manufacturing Overhead Cost Incurred
The total variable costs that have been spent during a particular period for activities related to manufacturing overhead.
Total Variable Overhead Variance
The difference between the actual variable overhead cost incurred and the expected variable overhead cost estimated in the budget.
Labour Efficiency Variance
This is a measure of the difference between the actual labor hours used in production and the standard labor hours expected to produce the same level of output.
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