Examlex
Why would a company outsource or contract out labor they might otherwise employ their own staff to perform?
Normal Capacity
The average level of production or activity that a company can expect to achieve under normal conditions over a period.
Controllable Variance
The portion of variance in cost or revenue that can be directly managed or influenced by actions of the management.
Standard Factory Overhead Rate
A predetermined rate used to allocate expected overhead costs to individual units of product based on a standard cost system.
Machine Hour
A unit of measure representing one hour of work or operation by a machine, used in allocating manufacturing costs.
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