Examlex
"Fluid can be lost from the body in ways that are NOT obvious or noticeable." What is being described?
Direct Materials Quantity Variance
The difference between the actual quantity of materials used in production and the standardized expected quantity, valued at the standard cost per unit.
Direct Materials
Raw materials that are directly traceable to the production of a specific product and are significant in cost.
Favorable
A term usually used in finance and accounting to describe results that are better than anticipated or that result in a benefit.
Standard Direct Materials Costs
The budgeted or standard cost of the raw materials required to produce a unit of product.
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