Examlex
PKU is an inherited condition that can cause mental retardation. The retardation can be prevented by
Direct Labour
The workforce directly involved in the manufacturing of goods or provision of services, whose wages are directly associated with specific products or services.
Labour Rate Variance
The difference between the actual cost of labor and the budgeted cost, based on hours worked and the rates paid.
Standard Direct Labour Rate
refers to the pre-determined cost per hour for direct labor, used in budgeting and measuring labor cost efficiency.
Labour Efficiency Variance
The difference between the actual hours worked and the standard hours expected to produce a certain number of units, multiplied by the standard hourly wage rate.
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