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Describe the relationship between pulse pressure,aging and compliance.
Labor Efficiency Variance
The variance between the real hours spent working and the anticipated standard hours, times the standard rate of labor.
Actual Direct Labor Rate
The actual amount paid per hour to workers who are directly involved in the production of goods or services.
Labor Rate Variance
The difference between the actual cost of direct labor and the standard cost, indicating how well the company is managing its labor costs.
Direct Labor Standards
The expected amount of time and wage rate for workers to complete a unit of production.
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