Examlex
Match each definition to one of the following items.
-Toward the tail
Direct Labour Variance
The difference between the actual direct labor costs incurred and the standard costs for the actual production achieved.
Direct Labour Standards
Benchmarks for the amount of labor time that is expected to be necessary to produce a unit of product or to complete a process.
Total Cost
The complete cost of production, including both fixed and variable costs.
Standard Wage Rate
The predefined hourly rate paid to employees for their labor, often based on industry standards, experience, and job role.
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