Examlex
The present value of an annuity due is not affected by the frequency of compounding.
Quantity Variances
The difference between the expected amount of inputs needed for production and the actual amount used, often analyzed in cost accounting to assess efficiency.
Standard Costs
Predetermined or estimated costs of manufacturing, selling, or performing a service, used as targets and benchmarks against actual costs.
Direct Labor Rate Variance
The difference between the actual cost of direct labor and the expected (or standard) cost, based on the standard rate and actual hours worked.
Direct Labor Time Variance
A measure used in cost accounting to analyze the difference between actual hours worked and the standard hours expected for a task.
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