Examlex
________ is a programming method that combines data and instructions for processing that data into self-sufficient blocks that can be used in other programs.
Labor Rate Variance
The difference between the actual cost of labor and the expected (or standard) cost.
Labor Standards
Benchmarks or criteria set for the amount of time and effort required to perform tasks efficiently and effectively.
Direct Labor-Hours
The total hours worked directly on the production of goods or provision of services, often used as a basis for assigning labor costs to products.
Labor Efficiency Variance
The difference between the actual hours worked and the standard hours expected to complete a task, multiplied by the standard labor rate.
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