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Multiply.
March
The third month of the year in the Gregorian calendar.
Standard Amount
A predetermined benchmark for expenses, revenues, or units produced, used for budgeting and measuring performance.
Actual Output
The quantity of finished goods or services produced by a company over a specific period.
Labor Rate Variance
The difference between the actual cost of labor and the budgeted cost of labor, based on the standard rate and actual hours worked.
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