0
In cost accounting, a variance is the difference between what we expected to happen (what we planned for when we created the budget) and what actually happened. If we produce more units from a given quantity of raw material than we expected to produce when we set up the budget, we have a favorable materials quantity variance, because we produced the goods more efficiently than we had planned for. We have used the raw materials with less waste than expected.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What does finite mean in science?
Finte is the opposite of infinite, finite is a known quanity that has an ending quanity
Vector is a quanity with magnitude and?
direction
A symbol that represents a quanity that can change?
a variable
The SI unit for expressing mass quanity?
It is a kilogram.
Quanity of a gas is measured in?
In science mol/L
What is an agreed-upon quanity used for comparison?
a standard
Is force a vector or scaler?
'Force' is a vecter quanity.
Symbol used to represent a quanity that can change?
a variable
Is electric field intensity a vector quanity?
Yes, it is.
What is common multiples?
a quanity into which each of two or more quanities
A quanity that can have more than a single value is called?
Variable
How do you satisfy consumer needs?
Buy Providing The Best Quality An Quanity
