Examlex
Which of the following is not a type of commonly used process control chart?
Quantity Standard
A benchmark or norm for the amount of materials, labor, and overhead required to produce a unit of output in a given period.
Performance Level
A measurement of the efficiency and effectiveness of a process or activity.
Labour Rate Variance
The difference between the actual cost of direct labor and the expected (or standard) cost, often used to assess workforce efficiency or cost control.
Labour Efficiency Variance
The difference between the actual hours worked and the standard hours expected to complete a task, multiplied by the standard labor rate.
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