Examlex
In Hong Kong,
Materials Purchased
The total value of raw materials bought by a company for use in production during a specific time period.
Labor Rate Variance
The difference between the actual cost of direct labor and the expected (or standard) cost, reflecting how efficiently labor resources are used.
Skilled Workers
Individuals who possess specialized training, expertise, or significant experience in a particular field or job.
Hourly Rates
The cost or pay rate allocated per hour of labor or service provided.
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