What are the Differences between Future and Options?
Futures and options are both types of financial derivatives that allow traders to speculate on the future price of an underlying asset. However, there are some key differences between the two. Futures A futures contract is a legally binding agreement to buy or sell an underlying asset at a predetermined price on a specified future […]
What is Material Cost Variance in Costing?
Material Cost Variance is the difference between the standard cost of the material allowed for the output and the actual cost of the material used. ICMS has defined MCV as the difference between the standard direct material cost of actual production volume and the actual cost of direct material. It is the aggregate of material […]