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Related Definitions
Materials requirements planning (MRP) Materials requirements planning (MRP) is a computerized forecasting system used to plan the ordering of parts and materials for
Target materials Target materials— Graphic, textual, tabular, digital, video, or other presentations of target intelligence, primarily designed to support operations against ...
Materials requirement planning (MRP) Materials requirement planning (MRP) is the computer- based production planning system that lets a firm ensure that it has all the
Materials handling equipment Materials handling equipment means the equipment that is used at air, ground, and sea ports to handle large cargo. Also called MHE.
Communications security materials Communications security materials refer to all documents, devices, equipment, apparatus, and cryptomaterial which is used in establishing or maintaining secure communications.
Materials price variance Materials price variance is the difference between the actual quantity times the actual price and the actual quantity times the standard price for materials.
Materials quantity variance Materials quantity variance is the difference between the actual quantity times the standard price and the standard quantity times the standard price for materials.
Total materials variance Total materials variance is the difference between the actual quantity times the actual price and the standard quantity times the standard price of materials.
Direct materials price standard The direct materials price standard is the cost per unit of direct materials that should be incurred. This standard should be based on the purchasing department’s best...
Direct materials budget The direct materials budget shows both the quantity and cost of direct materials to be purchased. The quantities of direct materials are derived from the following formula.