Examlex
Explain the feed-forward control system and give an example of one in the body.
Variable Overhead
Costs that vary with production volume, such as supplies and utilities for manufacturing.
Rate Variance
The difference between the actual rate of expense or income and its expected (standard) rate, often used in variance analysis.
Direct Labor-Hours
The cumulative hours employees directly participating in the production process have worked.
Materials Price Variance
The difference between the actual cost of materials used in production and the expected (or standard) cost of materials.
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