Examlex
You need to host an application on a Compute Engine instance in a project shared with other teams. You want to prevent the other teams from accidentally causing downtime on that application. Which feature should you use?
Direct Labor Rate Variance
The difference between the actual costs of labor and the expected (or standard) costs, based on the hourly wage rates times the number of hours worked.
Direct Labor Time Variance
The difference between the actual hours worked by employees at the standard rate and the expected hours at the standard rate, for manufacturing a product.
Total Cost Variance
The difference between the budgeted or standard cost of production and the actual cost incurred.
Direct Materials Price Variance
The difference between the actual cost of direct materials used in production and the standard cost, indicating cost management efficiency.
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