Examlex
Gender differences in aggression
SQ × AP
The standard quantity times actual price formula, used in cost accounting to calculate the variance between the actual cost and the standard cost of raw materials.
Direct Materials Price Variance
The difference between the actual cost and the standard cost of direct materials used in production, indicating how effectively the materials budget is being adhered to.
Per-Unit Standards
Estimates of the direct materials, direct labor, and manufacturing overhead costs required to produce one unit of a product.
Direct Labor Price Variance
The difference between the actual cost of direct labor and the expected (or standard) cost of direct labor used during production.
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