Examlex
A supermajority vote of two thirds is required to pass the state's annual budget bill.
Standard Machine-Hours
A predetermined measure of the amount of machine time required to produce a unit of product under normal operating conditions.
Manufacturing Overhead
All indirect costs associated with the production process, including costs for utilities, depreciation of machinery, and factory staff salaries.
Labor Efficiency Variance
The difference between the actual hours worked and the standard hours allowed for the work performed, multiplied by the standard labor rate.
Standard Hours
The estimated time that should be taken to complete a task or produce a unit under normal conditions.
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