Material Variance. Definition: Material variance has two definitions, one relating to direct materials and the other to the size of a variance. They are: 1  Related to materials. 2  This is the difference between the actual cost incurred for direct materials and the expected (or standard) cost of those materials.
Nicaragua Geography. Nicaragua, officially the Republic of Nicaragua, is a representative democratic republic and the largest nation in Central America. Nicaragua measures 129,474 square kilometers of which 20% are designated as protected areas. Nicaragua is approximately the size of the state of New York.
Find out where is Nicaragua located. The location map of Nicaragua below highlights the geographical position of Nicaragua within Central America on the world map.Nicaragua location highlighted on the world map.ind out where is Nicaragua located. The location map of Nicaragua below highlights the geographical position of Nicaragua within Central America on the world map. Nicaragua location highlighted on the world map.