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#direct_material_price_variance

Direct material price variance

In variance analysis (accounting) direct material price variance is the difference between the standard cost and the actual cost for the actual quantity of material purchased. It is one of the two components of direct material total variance.

Fri 12th

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Direct material price variance Direct material total variance Direct material usage variance Direct materials cost Variance (accounting) Cost accounting Student's t-test Cost of goods sold Management accounting Piping and plumbing fitting
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