Examlex
Most specialty search tools have a ____ link that explains their focus.
Raw Materials
The basic materials from which a product is made, prior to any processing or manufacturing.
Price Variance
The difference between the actual price paid for something and its standard or expected price.
Labor Efficiency Variance
The difference between the actual hours worked and the standard hours allowed for the work done, multiplied by the standard labor rate.
Direct Labor-Hours
The total hours worked by employees directly involved in the manufacturing of a product.
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