Examlex
The two principal climate variables in the weathering process are water and _______________.
Direct Labor Hours
The total hours worked by employees directly involved in the production of goods or services.
Total Materials Variance
The difference between the standard cost of materials supposed to be used for the products and the actual cost of materials used.
Price Standard
A predetermined cost that companies use to measure the variance between the expected and actual cost.
Materials Price Standard
A predetermined cost per unit of material, used as a benchmark to assess the efficiency and cost-effectiveness of the purchasing and usage of materials in production.
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