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The Work Art as Idea as Idea Consists of

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The work Art as Idea as Idea consists of


Definitions:

Direct Materials Price Variances

The difference between the actual cost of direct materials and the expected (or standard) cost, used to assess changes in material costs over time.

Quantity Variances

The difference between the expected quantity of materials, labor, or overhead and what was actually used.

Direct Materials Cost

The cost of raw materials directly used in the manufacturing of a product.

Finished Product

A final product that has completed all stages of production and is ready for sale.

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