Examlex
When Justin hears the word "buggy," he thinks of a swamp-like area he lived in when he was younger.In the triangle of meaning, the memory he has for the word buggy is called the referent.
Labor Hour Rate
The cost associated with labor per hour worked, used in calculating the cost of producing goods or services.
Job
A specific task or project, often within the context of job order production, where products are made to order.
Materials Price Variances
The difference between the actual cost of materials used in production and the standard or expected cost, indicating if materials were more or less expensive than planned.
Quantity Variances
Quantity variances refer to the difference between the actual quantity of materials or labor used and the expected quantity needed for production.
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