Examlex
Sophisticated sensors in a maintenance system can detect:
Direct Labor Payroll
The total amount of money paid to employees directly involved in manufacturing products or providing services.
Standard Rate of Pay
The regular amount of pay given for standard work hours or for performing a standard task or job.
Unfavorable Variance
The difference between actual costs and standard or budgeted costs when actual costs are higher, indicating lower profitability.
Actual Costs
The real, specific expenses incurred or required to perform an operation, produce an item, or offer a service.
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