Examlex
The function of elaters is to:
Direct Labor
The work of factory employees that can be directly traced to the product being manufactured.
Direct Labor Variances
The difference between the expected (standard) cost of direct labor for actual production and the actual cost incurred.
Direct Labor
Direct labor involves the work of employees who are directly involved in producing goods or services, being a key factor in manufacturing costs.
Labor Efficiency Variance
The discrepancy in the actual worked hours versus the expected standard hours, multiplied by the standard rate for labor.
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