Examlex
Over the years, Jennifer has acted in a number of supporting roles on TV sitcoms. Her last contract obligated her to perform in 22 episodes for a stipend of $500 per episode. Upon completion of the 11th episode, Jennifer broke her leg and was not able to complete the episodes in a timely manner. The studio claimed that Jennifer broke her contract and they are not obligated to pay her. She is confident that an impartial third party will view her circumstances as exceptional and will rule that she be reimbursed for the 11 performances. She has agreed to mediation.
Time Variance
The difference between the actual time taken to perform an activity and the expected or standard time allotted for it.
Direct Labor Hours
A measure of the total amount of time workers spend on direct production activities.
Unfavorable
A term often used in finance and accounting to describe results or variances that are worse than expected or budgeted.
Nonfinancial Performance Measures
Metrics used to assess aspects of an organization's performance that are not directly related to financial outcomes, such as customer satisfaction and employee engagement.
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