Examlex
Give the temperature and pressure at STP.
Actual Rate
The actual cost incurred or the price paid for materials, labor, or overhead as opposed to budgeted or standard costs.
Standard Rate
A predetermined cost that is often used in budgeting and costing exercises to estimate the expected rate for services or products.
Direct Labour
The cost associated with employees who are directly involved in the production process.
Standard Hours
The amount of labor time that is expected to be spent on a particular task or to produce a specific quantity of goods under normal conditions.
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