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Material Variances
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Material Variances
Direct material cost variances = Quantity * Rate
Material price variance = Actual Quantity( standard price - Actual price) . AQ(SP - AP)
Material Quantity Variance OR Material Usage Variance = standard price( standard quantity - actual quantity) . SP(SQ - AQ)
- Material Quantity Variance OR Material Usage Variance
- Material mix variance
- Material Quantity Variance OR Material Usage Variance
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- Mind Map on Material Variances, created by Ritika Singha on 01/06/2021.
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- Ritika Singha
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