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In their book,First,Break All the Rules,based on research by the Gallup Corporation,authors Marcus Buckingham and Curt Coffman argue about the reasons for the inefficiency in organizations.Based on their assumptions,what is the message to managers?
Standard Materials Quantity
The predetermined amount of materials expected to be used in the production of a single unit or a batch of product, under normal conditions.
Direct Labor Hour
A measure of the labor time specifically involved in the direct manufacture of products, not including indirect tasks.
Direct Labor Rate Variance
It's a measure used in cost accounting to determine the difference between the actual labor cost per hour and the expected (or standard) cost per hour.
Direct Labor Time Variance
The difference between the actual time taken to manufacture a product and the standard time expected, multiplied by the wage rate, indicating inefficiency or efficiency in production.
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