Examlex
Loads are devices such as motors, solenoids, resistance heaters, and other current-consuming devices.
Direct Materials Purchases Variance
The difference between the actual cost of direct materials purchased and the expected cost of direct materials, based on standard cost.
Standard Direct Labor-Hours
The predetermined amount of labor time estimated or expected to produce a unit of output, used for budgeting and measuring efficiency.
Labor Rate Variance
The difference between the actual cost of labor and the budgeted or standard cost of labor.
Direct Materials Purchases Variance
Direct materials purchases variance analyzes the difference between the actual cost of materials purchased and the budgeted cost, impacting budgeting and cost control.
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