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Intermediate states can be created by
Standard Price
The predetermined cost of a single unit of product or service, used in budgeting and to measure efficiency.
Direct Labor Rate Variance
The difference between the expected cost of direct labor and the actual cost incurred, based on the rate paid per hour.
Direct Labor Time Variance
The difference between the actual time spent on production and the estimated standard time, multiplied by the standard labor rate.
Direct Labor Rate Variance
The difference between the actual cost of direct labor and the expected (or budgeted) cost, based on standard rates and actual hours worked.
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