This amount will represent the expected expenditure on direct material for this many units. The difference between this actual expenditure and the actual expenditure on direct material is the direct materials price variance. Materials price variance (or direct materials price variance) is the part of materials cost variance that is attributable to the difference between […]
Category Archives: Bookkeeping
Here is a step-by-step business process design strategy to help you create relevant and efficient enterprise workflows. With automation, companies can minimize the probability of human-related errors and maximize report output accuracy. With Databox, you can automate reporting for your agency in just a few clicks. This will lead to employees staying well connected and […]