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Observations are not acceptable data in an experiment.
Labour Rate Variance
The difference between the actual cost of labor and the budgeted or standard cost of labor.
Standard Labour Rate
The predetermined cost associated with labor per unit of time, used as a benchmark for budgeting and cost control.
Actual Total Labour Cost
The actual amount spent on wages and salaries for employees directly involved in the production process.
Actual Hours
The real number of hours worked or spent on a specific task, project, or production process.
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