Examlex
The percentage hired from a given group of candidates is called the _____.
Actual Output
Actual output is the real quantity of goods or services produced by a company or economy, as opposed to planned or theoretical outputs.
Standard Costing
A cost accounting method that assigns fixed overhead costs to goods produced based on standard cost rates, helping to analyze variances between expected and actual costs.
Direct Labour Hours
The total hours worked by production employees that are directly involved in the manufacturing process.
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