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Standard Hours
The expected amount of time required to complete a task or produce a unit of product under normal conditions.
Variable Manufacturing Overhead
Expenses that vary with the level of production output, such as utilities and materials used in manufacturing.
Direct Labor-Hours
The overall hours logged by employees actively involved in the manufacture of a product or the rendering of a service.
Labor Efficiency Variance
A measure used in budgeting and accounting to evaluate the difference between the actual hours worked and the standard hours expected to complete a task.
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