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Material usage variance
Difference among standard quantity of material and actual quantity used is the material usage variance. This variance arises due to:
Economic use of materials
Use of substitutes
Higher/less wastage of materials
Changes in designs or specification of product
identify and explain the many classification of costs for planning, control,performance evaluation and decision making.
how to i get financial report for my company Anuz Wpp
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bases of classifying budgets
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