Examlex
Which of the following provides the bulk of revenue for the federal government?
Direct Labor Time Variance
The difference between the actual hours and the standard hours of direct labor spent producing a product multiplied by the standard direct labor rate per hour.
Direct Labor
The cost of employee wages that is directly associated with the manufacturing of products or the provision of services.
Unfavorable
A term used to describe a situation or outcome that is not advantageous, detrimental, or negatively impacts objectives.
Direct Labor Time Variance
The difference between the estimated time to produce a good or service and the actual time taken, multiplied by the hourly labor rate.
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