Miguel Came to the United States from Puerto Rico

question 67

Short Answer

Miguel came to the United States from Puerto Rico.He speaks very little English,but is in a special class that teaches him in both English and Spanish.Miguel is in a ________ education program.

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Definitions:

Materials Quantity Variance

The difference between the budgeted and actual quantities of materials used in production, affecting cost management.

Standard Cost

A predetermined cost of manufacturing, calculated based on the expected costs of material, labor, and overhead for a unit of product.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost, reflecting changes in material prices.

Materials Quantity Variance

The difference between the expected amount of materials needed for production and the actual amount used.