Examlex
Using the rules of significant figures, calculate the following:
70 + 4.461
a.
70
b.
75
c.
74.46
d.
74.461
e.
74
Lubricants
Oils, greases, and other substances used to reduce friction between mechanical parts.
Supplies
Items and materials used in the daily operations of a business, often consumable and regularly replaced.
Material Price Variance
The difference between the actual cost of materials and the expected (or standard) cost.
Labor Rate Variance
The difference between the actual cost of labor and the expected (or budgeted) cost, based on predetermined rates and actual hours worked.
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