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The formula you provided: Standard Price (Standard Quantity – Actual Quantity) = Material Usage Variance Material Usage Variance is a component of variance analysis in standard costing. It measures the difference between the actual quantity of materials used and the standard quantity that should have been used at the standard price. The variance indicates whether more or fewer materials were used than expected, and it helps in evaluating the efficiency of material usage in the production process.
Muhammad-bin Tughluq transferred his capital from Delhi to Devgiri (which he named Daulatabad) because
Who was responsible for the destruction of Vikramashila, one of the three major Buddhist monasteries in India during the Pala Empire?
Begum Hazrat Mahal was the consort of which Nawab of Awadh?
Who organized second Buddhist council?
During which ruler's reign did Pietra dura, the art of inlaying colored stones into marble, gain popularity?
hIn which year was the Battle of Plassey fought?
Who declared the revolt of 1857 as a ‘national revolt’ in the House of Commons?
Bindusara, an ancient emperor of India, was part of which empire?
The son of Shah Jahan , who studied the New Testament, the writings of the Muslim suns, the Vedanta philosophy, Upaniahadas, etc. and sought to find a m...
The first Sultan to adopt the principle of measurement of cultivable land for determining the land revenue was