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Massive retaliation was a policy that declared that any Soviet attack on an American ally would be countered by a nuclear assault on the Soviet Union itself.
Direct Labor Hours
The total hours worked by employees directly involved in the manufacturing process.
Standard Volume
The amount of volume the plant would have generated if each unit of product manufactured used precisely the standard unit of volume allowed.
Budgeted Volume
The amount of production expected to occur during the year, usually stated in terms of a common input measure such as direct labor hours. Budgeted volume can be estimated as expected volume for next year or normal volume over the long run.
Actual Output
The tangible products or results produced by a company's operations or activities.
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