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.
- Image: Haakon S. Krohn. Satellite view is showing Managua, the national capital of Nicaragua, located south of Lake Managua (Lake Xolotlan) xolotlÃ¡n and about 40 km northwest Of Lake, nicaragua the city lies 50 km east of the'country S North pacific. coasthe map shows a city map of Managua with expressways, main roads and streets, and the location of Managua International Airport (IATA code: MGA) in the eastern part of the city.