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In peer-to-peer processing, every computer is a server.
Standard Labour Hours
The calculated amount of labor hours predetermined to be necessary for completing a specific task or producing a certain quantity of goods.
Actual Hours Worked
The real number of hours an employee or workforce spends performing tasks during a specific period, as opposed to scheduled or standard hours.
Materials Price Variance
The difference between the actual cost of materials used in production and the standard (expected) cost.
Standard Quantity Of Hours
The standard quantity of hours refers to the pre-determined amount of labor hours estimated to be necessary to produce a single unit of output.
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