Examlex
Methamphetamine is expensive because it is difficult to produce and requires hard-to-find ingredients.
Actual Direct Labor Hours
The real hours worked by employees directly involved in the production process.
Direct Labor Time Variance
The calculation difference between the expected time to produce an item and the actual time taken, impacting cost control and labor efficiency.
Unfavorable Cost Variance
A situation where actual costs exceed the expected or budgeted costs, indicating that a company is spending more than planned.
Revenue Volume Variance
The difference between the actual sales revenue received and the expected revenue, based on the budgeted sales volume.
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