Examlex
Which statement best exemplifies applications of a positive guidance approach in early childhood education?
Total Labor Variance
The difference between the actual labor costs incurred and the standard labor costs for the actual production achieved.
Direct Labor Price Variance
The difference between the actual cost of direct labor and the expected (or standard) cost, based on the actual hours worked.
Standard Rate
A predetermined cost for materials, labor, and overhead set for computing variances and budgeting purposes.
Direct Labor Hours
The total hours worked by employees directly involved in manufacturing a product or delivering a service.
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