Examlex
The global consulting service Accenture is an example of information technology encouraging task force-networked organizations in which groups of professionals come together for short periods of time to accomplish a specific task.
Actual Costs
The real financial expenditures incurred by a company, as opposed to budgeted or estimated costs.
Standard Costs
Predetermined costs assigned to goods and services, used as target costs or benchmarks to compare with actual costs in order to manage and control costs.
Total Direct Labor Variance
The difference between the actual cost of direct labor used to produce goods and the standard cost of direct labor expected for those goods.
Rate
A measure, quantity, or frequency, typically one measured against another quantity or measure.
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