Examlex
The per-unit standards for direct labor are 2 direct labor hours at $15 per hour. If in producing 1800 units the actual direct labor cost was $48000 for 3000 direct labor hours worked the total direct labor variance is
Economic system
The structured and organized way a society decides on the production, distribution, and consumption of goods and services.
Domesticating
The process of adapting wild plants or animals for human use, such as for food, work, companionship, or as pets.
Pastoralism
An economic system based on tending herds of large animals.
Collectively owns
The state of ownership where assets or properties are held in common by a group rather than individuals.
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