Examlex
CT's 17 dimensions work best in harmony. We used to teach a reductionist manner by breaking things down into pieces. Gardner says you need this type of mind to put those pieces back together?
Direct Labor Rate Variance
A financial metric used to measure the difference between the actual hourly wage paid to workers and the expected (or standard) wage rate for a specific period.
Standard Direct Labor Cost
The predetermined cost of labor assigned directly to the production of goods, based on estimated time and wage rates.
Total Overhead Variance
The difference between the actual overhead incurred and the overhead allocated to production over a period.
Sales Price Variance
The difference between the actual selling price and the expected selling price of a product multiplied by the number of units sold.
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