substitution variance

English - English

Definition of substitution variance in English English dictionary

(Ticaret) A cost variance created by using an alternative component or material on a production order that has a higher or lower cost than the standard component. Substitution variances should be separated from usage variances, which track over or under quantity usage of standard material

Hyphenation

sub·sti·tu·tion va·ri·ance

Turkish pronunciation

sʌbstîtuşın veriıns

Pronunciation

/ˌsəbstəˈto͞osʜən ˈverēəns/ /ˌsʌbstɪˈtuːʃən ˈvɛriːəns/