Examlex
What are team surveys? What are their benefits?
Direct Labour Efficiency Variance
A measure used in cost accounting to determine the difference between the labor time expected to produce goods and the actual labor time used.
Standard Price
The predetermined cost expected to be paid for goods and services under normal conditions.
Direct Materials
Raw materials that are directly involved in the manufacturing of a product and can be easily traced to it.
Direct Labour
The wages paid to workers directly involved in the production of goods or services.
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