Examlex
U-shaped stream valleys are indicators that a stream valley has been glaciated.
Labor Rate Variance
The difference between the actual cost of labor and the expected (or budgeted) cost of labor based on standard rates and hours.
Labor Standards
Benchmarks or norms for the amount of labor time required to perform a certain task or produce a certain amount of goods.
Particular Product
A specific item or good that is produced and offered for sale by a business.
Labor Efficiency Variance
A measure used in budgeting and cost management to analyze the difference between the actual hours worked and the hours that should have been worked, according to standards, for the actual level of production.
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