Examlex
____________ instance is to "dog" as ___________ instance is to "not dog."
Hourly Wage Rate
The amount of money paid for each hour of work, commonly used to compensate hourly employees.
Labor Variances
Differences between the actual labor costs incurred and the standard labor costs expected for the work performed.
Standard Labor Rate
A predetermined cost per labor hour, used in budgeting and cost control for planning and evaluating labor expenses.
Actual Hours Incurred
The real number of hours worked or used in the completion of a task or production of a good, as opposed to the estimated hours.
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