Examlex
In appellate courts, the defendant's name
Variances
Differences between expected and actual performance in business metrics such as costs, revenues, and production levels.
Direct Labor-Hours
The total hours worked by employees directly involved in manufacturing goods or providing services.
Standard Costs
Pre-determined costs used as a benchmark for evaluating actual production costs within a business.
Raw Material
Basic, unprocessed materials used in the manufacturing process to produce finished goods.
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