Examlex
In the sentence Beth and the sales representative reviewed the product descriptions on the website, the word and is a(n) ____.
Variable Overhead Efficiency Variance
The difference between the actual level of activity (direct labor-hours, machine-hours, or some other base) and the standard activity allowed, multiplied by the variable part of the predetermined overhead rate.
Direct Labour Hours
The total hours worked by employees directly involved in producing goods or delivering services, used to allocate labor costs accurately.
Standard Hours Allowed
The time that should have been taken to complete the period’s output. It is computed by multiplying the actual number of units produced by the standard hours per unit.
Labour Rate Variance
The difference between the actual cost of labour per hour and the standard cost that was expected, multiplied by the total hours worked.
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