Examlex
In the Baldrige evaluation process, what is an "Organizational Profile"?
Actual Output
The real production quantity completed within a specific period.
Standard Price
The pre-determined cost that is expected to be paid for a specific item or service under normal conditions.
Standard Labour Rate
The predetermined wage rate used for budgeting and variance analysis, representing the expected cost per hour of labor.
Standard Labour Hours
The predetermined amount of labor time that is expected to be necessary to produce one unit of a product or complete a process.
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