Examlex
What is gap analysis?
Labor Efficiency Variance
The difference between the actual labor hours worked and the standard labor hours expected for the level of production achieved, multiplied by the standard labor rate.
September
The Gregorian calendar's ninth month.
Materials Price Variance
Materials Price Variance is the difference between the actual cost of materials and the standard cost, indicating how much more or less was paid for materials than expected.
September
The ninth month of the Julian and Gregorian calendars, known for marking the transition from summer to autumn in the Northern Hemisphere.
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