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Standard Time
The amount of time prescribed for the completion of a job or task, based on average speed and efficiency under normal conditions.
Variable Allowance
An allowance or adjustment made for changes in costs or expenses that may vary over time, often used in budgeting and pricing.
Allowance Factor
A factor used to calculate the amount of material needed considering waste or inefficiency, often in manufacturing or budgeting.
Standard Time
The established amount of time required to perform a specific task under normal conditions with average effort.
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