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According to Atkinson and Coffey (2004) , documents should be viewed as a distinct level of ___________ in their own right
Direct Labor Time Variance
The difference between the actual time taken to produce a good or service and the expected time, multiplied by the standard labor rate.
Direct Materials Quantity Variance
A measure of the difference between the actual quantity of materials used in production and the standard expected quantity.
Direct Labor Time Variance
The difference between the actual time taken to manufacture a product and the standard time expected, multiplied by the wage rate.
Direct Labor Time Variance
The difference between the estimated time for production and the actual time taken, multiplied by the wage rate.
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