The difference between the actual material price and the standard material price for a given...
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Accounting
The difference between the actual material price and the standard material price for a given level of production is defined as a Direct materials quantity variance b Difference in material cost versus labor costs c Direct labor variance d Direct materials price variance e Direct labor time variance 
The difference between the actual material price and the standard material price for a given level of production is defined as
a Direct materials quantity variance
b Difference in material cost versus labor costs
c Direct labor variance
d Direct materials price variance
e Direct labor time variance
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