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.
With the Pacific Ocean as its western border, the LeÃ³n department of Nicaragua consists of ten municipalities â El Jicaral, El Sauce, La Paz Centro, Larreynaga, LeÃ³n, Nagarote, Quezalguaque, San Jose de Achuapa, Santa Rosa del Penon and Telica. The capital of the department is the city of LeÃ³n, located in the municipality of the same name.