Examlex
This multiple-choice test question would be considered an example of a test of ____________ memory.
Direct Labour Rate Variance
The difference between the actual cost of direct labor and the expected (or standard) cost, based on the standard wages paid for that labor.
Direct Labour Efficiency Variance
A measure used in management accounting to assess the difference between the actual hours worked and the standard hours expected to produce a certain level of output.
Direct Labour Price Variance
The difference between the actual cost of direct labor and the expected (or standard) cost, based on the actual hours worked.
Direct Labour Standards
Pre-determined measures of how much labor (time or cost) should be used to produce a unit of product or perform a service.
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