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  2. I'm obsessed with these deli containers for meal prep — and ...

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    They're also perfect for arts and crafts supplies, or organizing your tool box. Bonus: Since they're stackable, they're easy to store. These deli containers are affordable, durable and come in all ...

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    This foldable storage shelf measures 27.9-inches wide by 13.4-inches deep by 62.5-inches tall. It's a foldable design with wheels and comes with hooks to lock it into place while it's in use.

  4. Direct materials cost - Wikipedia

    en.wikipedia.org/wiki/Direct_materials_cost

    Direct materials cost the cost of direct materials which can be easily identified with the unit of production. For example, the cost of glass is a direct materials cost in light bulb manufacturing. [1] The manufacture of products or goods requires material as the prime element. In general, these materials are divided into two categories.

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  6. Low-cost country sourcing - Wikipedia

    en.wikipedia.org/wiki/Low-cost_country_sourcing

    Low-cost country sourcing (LCCS) is procurement strategy in which a company sources materials from countries with lower labour and production costs in order to cut operating expenses. [citation needed] LCCS falls under a broad category of procurement efforts called global sourcing. The process of low-cost sourcing consists of two parties.

  7. Price variance - Wikipedia

    en.wikipedia.org/wiki/Price_Variance

    Price variance (Vmp) is a term used in cost accounting which denotes the difference between the expected cost of an item (standard cost) and the actual cost at the time of purchase. [1] The price of an item is often affected by the quantity of items ordered, and this is taken into consideration.

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  9. Direct material price variance - Wikipedia

    en.wikipedia.org/wiki/Direct_material_price_variance

    Let us assume that the standard direct material cost of widget is as follows: 2 kg of unobtainium at € 60 per kg ( = € 120 per unit). Let us assume further that during the given period, 100 widgets were manufactured, using 212 kg of unobtainium which cost € 13,144. Under those assumptions direct material price variance can be calculated as:

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