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Labor Standards
Benchmarks for the amount of labor time required to perform specific tasks, used for budgeting, scheduling, and performance evaluation.
Last Month Data
Information or statistics pertaining to the previous month, often used in analysis and decision-making processes.
Labor Rate Variance
The difference between the actual cost of labor and the expected (or budgeted) cost.
Actual Results
The real outcomes or results achieved and recorded after a particular period or activity, often compared against planned or forecasted results.
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