Examlex
__________ reflects the number of candidates available at a step compared to a previous step.
Direct Materials Quantity Variance
A measure that evaluates the efficiency with which direct materials are used during production, calculated as the difference between the standard quantity of materials and the actual quantity used.
Malfunctioning Equipment
Equipment that is not operating correctly or efficiently, potentially causing operational delays and additional expenses for repair or replacement.
Spoilage of Materials
Wastage or damage of raw materials during production that cannot be recovered or used.
Direct Labor Time Variance
The difference between the expected (or standard) time to produce goods and the actual time taken, often used in cost control.
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