Examlex
Change rad to degrees.
Labor Efficiency Variance
The difference between the actual hours worked and the standard hours planned, multiplied by the labor rate.
January
The initial month in the Gregorian calendar, marking the start of the year.
Materials Quantity Variance
The financial difference between the actual quantity of materials used in production and the expected quantity, based on standard costs.
February
The second month of the year, often associated with cold weather in the Northern Hemisphere and used as a time period reference in accounting.
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