Examlex
________means providing opportunities for employees to develop the job-specific skills, experience, and knowledge they need to do their jobs or improve their performance.
Direct Labor
The cost of wages for workers who are directly involved in the production of goods or the delivery of services.
Variable Overhead Efficiency Variance
The difference between the standard cost of variable overheads allocated for actual production and the actual variable overheads incurred, used to assess efficiency in controlling variable overhead costs.
Fixed Overhead Spending Variance
The difference between the actual fixed overhead costs incurred and the budgeted or standard fixed overhead costs.
Variable Overhead Spending Variance
Refers to the difference between the actual variable overheads incurred and the standard variable overheads expected for the actual production level.
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