Examlex
What type of bone is the patella?
Direct Labour Efficiency Variance
The difference between the expected hours to produce a specific number of units and the actual hours used.
Direct Material Used
Direct material used involves the consumption of raw materials that are transformed into and directly identifiable with the finished product in the manufacturing process.
Variable Manuf. Overhead
Variable manufacturing overhead refers to the indirect costs that change with the level of production, such as utilities for the manufacturing plant.
Labour Efficiency Variance
The difference between the actual hours worked and the standard hours expected to produce a certain number of units, valued at the standard labor rate.
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