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Before beginning each work shift at Lululemon, the manager conducts a quick training session and energy building exercise so the staff are both informed and energized to work the shift. This is an example:
Work in Process
A term referring to items and materials that are being transformed into finished products but are not yet complete.
Variable Overhead
Variable overhead costs are those expenses that fluctuate with production volume, such as utilities or materials.
Fixed Overhead
Regular, unchanged costs associated with operating a business that do not fluctuate with production levels.
Direct Labor Rate Variances
This term refers to the difference between the actual cost of direct labor and the expected (or standard) cost, used in manufacturing and budgeting.
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