Because Direct Materials Inventory reports the standard cost of the actual materials on hand, we reduce the account balance by $870 (290 yards used $3 standard cost per yard). After removing 290 yards of materials, the balance in the Direct Materials Inventory account is $2,130 (710 yards x $3 standard cost per yard).
void (plural voids) 1  An empty space; a vacuum. ( 2 astronomy) An extended region of space containing no galaxies. ( 3 materials science) A collection of adjacent vacancies inside a crystal lattice. ( 4 fluid mechanics) A pocket of vapour inside a fluid flow, created by cavitation.
Black's Law Dictionary defines void as: Void. Null; ineffectual; nugatory; having no legal force or binding effect; unable, in law, to support the purpose for which it was intended. which means there is no legal obligation therefore there will be no breach of contract since the contract is null. The dictionary further goes on to define void ab initio as: