Examlex
Dividing text into columns is also referred to as parsing text into columns.
Standard Quantity
The predetermined amount of materials or inputs that should be used in the production of a single unit of goods, serving as a benchmark for efficiency.
Actual Output
The real production quantity completed within a specific period.
Standard Price
The pre-determined cost that is expected to be paid for a specific item or service under normal conditions.
Standard Labour Rate
The predetermined wage rate used for budgeting and variance analysis, representing the expected cost per hour of labor.
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