Examlex
Which court case in 2013 struck down the formula for determining the states covered under the Section 5 preclearance requirement of the Voting Rights Act of 1965?
Unfavorable
A term used to describe a variance or outcome that results in a worse financial position than expected or budgeted.
Labor Rate Variance
The difference between the actual labor costs incurred and the expected (or standard) labor costs, often due to paying a higher or lower wage rate than planned.
Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the expected (standard) variable overhead allocated based on activity levels.
Labor Efficiency Variance
The difference between the actual hours worked and the standard hours expected to produce a certain level of output, multiplied by the standard labor rate.
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