Examlex
Direct Labor
The cost associated with employees who are directly involved in the production of goods or services.
Direct Labor Efficiency Variance
A measure used in cost accounting to evaluate the difference between the actual hours worked and the standard hours expected for the production achieved.
Direct Materials Price Variance
The difference between the actual cost of direct materials and the expected (or standard) cost of those materials.
DL Wage Variance
The difference between the budgeted wage and the actual wage paid to direct labor employees.
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