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What are some traits shared by most successful supervisory leaders?
Time Variance
The difference between the actual time taken to complete a task and the estimated time planned for it.
Direct Labor Hours
The total number of hours worked directly on a product or service by employees, usually used to allocate manufacturing costs.
Price Variances
Differences between actual and expected or standard costs that are attributed to changes in the price of goods or services.
Quantity Variances
The difference between actual and standard quantities used in production, affecting cost management and budgeting.
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