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It is likely that expenditure fraud and ethics violations could be eliminated by a strong, ethical "tone at the top" along with encouragement of ethical behavior by all employees, and strong internal controls.
Direct Labour Standards
Benchmarks for the amount of labor time that is expected to be necessary to produce a unit of product or to complete a process.
Total Cost
The complete cost of production, including both fixed and variable costs.
Standard Wage Rate
The predefined hourly rate paid to employees for their labor, often based on industry standards, experience, and job role.
Direct Labour Hours
The total number of hours worked by employees that are directly involved in the production process of goods or services.
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