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Express the polynomial function in complete factored form.
Standard Labour Rate
The predetermined wage rate used for budgeting and variance analysis, representing the expected cost per hour of labor.
Standard Labour Hours
The predetermined amount of labor time that is expected to be necessary to produce one unit of a product or complete a process.
Material Price Variance
The difference between the actual cost of materials and the standard cost, multiplied by the quantities purchased.
Standard Quantity
The preset amount of materials or inputs theoretically required to produce a single unit of product under normal operating conditions.
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