Examlex
Assessment tools that require a high level of inference
Direct Labor-Hours
A measure of the total hours worked by employees who are directly involved in the production process, used in costing and productivity analysis.
Variable Manufacturing Overhead
Costs in production that vary with the level of output, such as utilities or materials, but are not directly tied to any specific product.
Variable Overhead
Costs of production that fluctuate with the level of output, including items such as utilities and materials that are not directly linked to a single product.
Efficiency Variance
The difference between the actual amount of an input used and the amount that was expected to be used, measured in financial terms.
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