Examlex
In _______, the DEA seized large quantities of precursor chemicals that disrupted the methamphetamine supply chain.
Labour Efficiency Variance
Labour efficiency variance is the difference between the actual hours worked and the standard hours expected, multiplied by the standard labor rate, used to assess workforce performance.
Standard Labour Rate
A predetermined rate of pay established for work performed, used in budgeting and costing calculations.
Price Variance
A variance that is computed by taking the difference between the actual price and the standard price and multiplying the result by the actual quantity of the input.
Direct Material
Direct Material includes raw materials that are directly incorporated into a finished product and can be easily traced to the product itself.
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