Examlex
Which anatomic structure secretes follicle stimulating hormone (FSH) and luteinizing hormone (LH) ?
Actual Cost
The true financial expenditure required to produce a product or service, as opposed to budgeted or standard costs.
Labour Rate Variance
The difference between the actual cost of direct labor and the standard cost of direct labor multiplied by the actual hours worked.
Direct Labour
Rephrased: The workforce directly involved in manufacturing products or providing services, whose costs directly affect the cost of goods sold.
Variable Manuf. Overhead
Variable Manufacturing Overhead includes those manufacturing overhead costs that vary directly with the level of production, such as utilities for the production facility.
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