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Why do some Americans,including functionalists,often describe the family as "the backbone of society"? Are other social institutions (including government and education)now performing some of the traditional functions of the family? If so,which ones,and what are implications of the importance of the family in the future? If you think that the family will continue to be a major social institution in the future,explain why.
Labor Rate Variance
The difference between the actual cost of labor and the budgeted or standard cost, often used in budgeting and cost management.
Variable Overhead Rate Variance
The difference between the actual variable overheads incurred and the expected variable overheads based on standard rates.
Labor Rate Variance
The difference between the actual labor rate paid and the standard rate expected, multiplied by the total hours worked.
Labor Efficiency Variance
The variance between the real hours spent producing a good or service and the anticipated standard hours, times the standard wage rate.
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