Examlex
Which of the following statements about the Learning Contract is FALSE?
Labor Per Unit
The amount of labor cost assigned to each unit of production.
Direct Labor
The wages of employees or workers who are directly involved in the production of goods or services.
Direct Materials Quantity Variance
The difference between the actual quantity of materials used in production and the standard amount expected, multiplied by the standard cost per unit.
Standard Materials Cost
The pre-determined cost of materials that should be consumed under efficient operating conditions.
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