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.
Managua is situated about 45 km (about 28 mi) from the Pacific Ocean, on the southern shore of Lake Managua. It lies in the western lowlands, Nicaragua s most densely populated region, between the major cities of Le n and Granada.