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.
1 The official name of Nicaragua is the 'Republic of Nicaragua'. 2  Nicaragua is the largest country in Central America and has the lowest population density. 3  Nicaragua is the southernmost point of North American pine lands. 4  The capital city of Nicaragua is Managua. 5  The official language of Nicaragua is Spanish.