Examlex
A reduced fat food that contains a fat replacer consisting of millions of microscopic balls that slide over each other to give the creamy texture of fats is:
Standard Direct Labour Rate
The pre-established amount paid per unit of work or hour of labor to employees directly involved in manufacturing.
Materials Price Variance
A financial metric measuring the deviation between the budgeted or standard cost of materials and the actual cost incurred.
Variable Manufacturing Overhead Cost Incurred
The total variable costs that have been spent during a particular period for activities related to manufacturing overhead.
Total Variable Overhead Variance
The difference between the actual variable overhead cost incurred and the expected variable overhead cost estimated in the budget.
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