Examlex
It is easier to write comments- particularly comments explaining the logic of a program-at the time the program is coded, instead of trying to add those comments at the end of the project.
Standard Costing System
An accounting system that uses standard costs for cost control and decision-making purposes.
Direct Labour Hours
The number of hours worked by employees who are directly involved in the production of goods or services.
Standard Costing Systems
A cost accounting system that estimates the cost of products or services by assigning expected costs for materials, labor, and overhead to the actual production volumes.
Variances
The difference between expected and actual performance, costs, or revenues, often analyzed in budgeting and accounting to manage and improve financial performance.
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