Examlex
A relationship between object classes best defines:
Direct Materials
Raw materials that can be directly traced to the production of a specific product.
Actual Price
The real or final price at which a transaction is completed, as opposed to an estimated or listed price.
Labor Rate Variance
The difference between the actual labor costs incurred and the expected (or standard) labor costs based on predetermined rates.
Labor Standards
The established benchmarks or expectations for the amount of time and effort required to perform a job or task efficiently.
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