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Answers
1. Material noun can be defined as “Material Noun are names of materials or substances out of which things are made. Ex: gold, iron, silver etc.” Material noun is the name given to the material, substance or things made up of alloy. It refers to the type of substance instead of individual particles of the substance.
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2. The following data is shown based on key figures and/or original cost elements:
Planned costs
Actual costs
Absolute variances = actual costs – planned costs
Percentage variances = absolute variances / planned costs
In addition with cost element reports:
Planned costs per unit = planned costs / planned quantity
Actual costs per unit = actual costs / confirmed quantity
Absolute variances = actual costs per unit – planned costs per unit
Percentage variances = absolute variances / planned costs per unit
Planned quantity
Confirmed quantity
Absolute variances = planned quantity – confirmed quantity
Percentage variances = absolute variances / confirmed quantity
Answer:
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