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TABLE 2-14
The table below contains the number of people who own a portable DVD player in a sample of 600 broken down by gender.
-Referring to Table 2-14, of those who owned a portable DVD in the sample, ________ percent were females.
Cost of Goods Sold
The total direct costs attributable to the production of goods sold by a company, including materials and labor.
Labor Rate Variance
The difference between the actual cost of labor and the budgeted or expected cost of labor, often analyzed in cost accounting.
Labor Efficiency Variance
The difference between the actual hours worked and the standard hours expected to produce a certain level of output, multiplied by the standard labor cost per hour.
Direct Labor
Labor costs that can be directly traced to the production of specific goods or services.
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