Examlex
While some social science theories play up the importance of "the state" as a relatively impersonal or unbiased terrain over which numerous racial groups compete today for political and social power, explain how this is not the empirical reality for the U.S., either in the past or the present.
Direct Materials Purchases Variance
The difference between the actual costs of direct materials purchased and the expected (or standard) costs, impacting the budget and potentially financial results.
Variable Overhead Efficiency Variance
A measure used in management accounting to assess the efficiency of variable production overhead based on the actual time taken to produce goods versus the expected time.
Standard Direct Labor-Hours
Standard direct labor-hours refer to the estimated hours of direct labor work required to produce one unit of a product or service, used for budgeting and variance analysis.
Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the standard cost assigned to those overheads, indicating efficiency in managing variable costs.
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