Examlex
What is price? What specific types of consumer "costs" are involved?
Direct Labor-hours
The total hours of labor directly involved in the production of goods or services.
Variable Manufacturing Overhead
comprises manufacturing costs that vary directly with the level of production, such as materials and labor.
Direct Labor-hours
The all-encompassing total of work hours by staff directly partaking in manufacturing roles.
Variable Overhead Efficiency Variance
The difference between the actual variable overhead incurred and the standard cost based on the actual level of activity output.
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