Examlex
Segments are made up of ____.
Standard Costing
A cost accounting method that assigns fixed overhead costs to goods produced based on standard cost rates, helping to analyze variances between expected and actual costs.
Direct Labour Hours
The total hours worked by production employees that are directly involved in the manufacturing process.
Direct Labour Efficiency Variance
The difference between the actual number of labor hours worked and the standard hours expected, multiplied by the standard labor rate.
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