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If the standard quantity of materials is 84,500 units @ $0.15 per unit and the actual quantity is 95,000 units @ $0.12 per unit,then the total materials cost variance is:
Counting Method
A mathematical technique used to determine the total number of possible outcomes in a given situation.
Count And Divide
A method involving enumeration and separation into parts or groups, typically used for analytical or problem-solving purposes.
Intuitive Judgment
The ability to understand or know something without the need for conscious reasoning or direct evidence.
Bias
A tendency to favor or lean towards a particular perspective, judgment, or result over others, often in a way considered to be unfair.
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