Examlex
The dorsal body cavity includes the ________ cavity.
Standard Labor Rate
A predetermined cost per labor hour, used in budgeting and cost control for planning and evaluating labor expenses.
Actual Hours Incurred
The real number of hours worked or used in the completion of a task or production of a good, as opposed to the estimated hours.
Materials Price Variance
The difference between the actual cost of materials and the expected (standard) cost multiplied by the quantity of materials used.
Standard Costing System
A cost accounting system that uses standard costs for product costs and measures variances to actual costs for performance evaluation.
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