Examlex
A table is in third normal form if it meets 2NF criteria and all the fields have transitive dependencies.
Standard Direct Labor-Hours
The estimated hours required to produce a units based on standard efficiency and productivity levels.
Labor Efficiency Variance
The difference between the actual hours worked to produce a good or service and the standard hours expected, multiplied by the standard labor rate.
Direct Labor-Hours
The total hours worked by employees directly involved in the manufacturing process, often used as a basis for allocating overhead.
Variable Manufacturing Overhead
Overhead expenses in manufacturing that change in proportion to the amount of production activity.
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