Examlex
Mutations are useful for getting a genetic algorithm "unstuck".
Labor Efficiency Variance
The difference between the actual hours worked and the standard hours expected to complete a task, multiplied by the standard labor rate.
Actual Results
The real, measured outcomes of business activities, such as sales or production levels, compared to planned or forecasted results.
Standard Cost
A predetermined cost of manufacturing, selling, or any other business activity, used as a benchmark for measuring performance.
Labor Rate Variance
The difference between the actual labor cost incurred and the labor cost that was expected or budgeted, typically due to wage rate differences.
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