Examlex
If the following is from the method section of a UML diagram, which of the statements below is true? + add(object2:Stock) : Stock
Direct Labor
Direct labor costs are the wages paid to workers directly involved in the production of goods or services. These costs are directly traceable to the cost object, such as a product unit.
Materials Price Variance
The difference between the actual cost of materials used in production and the expected (or standard) cost, which can indicate changes in materials prices or sourcing efficiency.
Direct Materials
Basic substances used explicitly in the production of a particular item, which can be directly linked to its creation.
Materials Price Variance
The difference between the actual cost of materials used in production and the expected cost based on standard prices.
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