Examlex
Adopting a "you" attitude in business writing is simply a matter of using the pronoun "you" as much as possible.
Direct Labour Hours Quantity
The total number of labor hours spent by workers who are directly involved in the production of goods or services.
Standard Cost
An estimated or pre-determined cost of performing an operation or producing a good, used in budgeting and pricing.
Actual Cost
The tangible and realized expense incurred for materials, labor, and overhead in the production of goods or services.
Standard Cost Systems
An accounting method that uses standard costs for direct materials, labor, and overhead to help managers control business costs.
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