Examlex
Which cloud computing category refers to the use of software hosted on a service provider's network, and is usually subscription based?
Standard Hourly Rate
A predetermined amount paid or charged per hour, often used to calculate labor costs in manufacturing or services.
Labor Efficiency Variance
The difference between the actual hours taken to complete a task and the standard hours allowed for the actual output, multiplied by the standard hourly labor rate.
Labor Time
The duration of time workers spend in the process of producing goods or providing services.
Standard Quantity
The expected quantity of materials or labor hours needed to produce a unit of product, set during the budgeting or planning process.
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