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Which of the following screening tools has diminished in recent years?
Direct Labor-hours
Represents the total hours worked directly on the production of goods, important for calculating the labor cost per unit.
Labor Rate Variance
The difference between the actual cost of labor and the standard or expected cost, often analyzed in cost accounting.
Labor Efficiency Variance
Labor Efficiency Variance measures the difference between the actual hours worked and the standard hours expected for the work performed.
Direct Labor Wage
The compensation workers receive for directly contributing to the manufacturing or production of goods, usually an hourly wage or per unit produced rate.
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