Direct Material Usage Variance
In variance analysis (accounting) direct material usage (efficiency, quantity) variance is the difference between the standard quantity of materials that should have been used for the number of units actually produced, and the actual quantity of materials used, valued at the standard cost per unit of material. It is one of the two components (the other is direct material price variance) of direct material total variance.
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Other articles related to "materials, material, direct material usage variance, direct material, usage variance, usage":
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... The material's unique properties have found niche use in medical and scientific applications ... A number of other brands (such as Power Putty and TheraPutty) alter the material's properties, offering different levels of resistance ... The material is also used therapeutically for stress reduction ...
... It usually happens when the deformations are large or if the material changes its properties under deformations ... An anelastic material is a special case of a viscoelastic material an anelastic material will fully recover to its original state on the removal of load ...
... Let us assume that standard direct material cost of widget is as follows 2 kg of unobtainium at € 60 per kg ( = € 120 per unit) ... Under those assumptions direct material usage variance can be calculated as 100 units should have used (× 2 kg) 200 kg but did use 212 kg Usage variance ...
... definitions differ dramatically from modern usage ... He publicly demonstrated it at the 1862 International Exhibition in London, calling the material he produced "Parkesine." Derived from cellulose, Parkesine could be heated. 1868, American inventor John Wesley Hyatt developed a plastic material he named Celluloid, improving on Parkes' invention so that it could be processed into finished form ...
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