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A kaizen burst is an overfilled kanban container.
Normal Standards
Benchmarks used for budgeting and performance evaluation, representing expected efficiency and costs under normal conditions.
Direct Labor Time Variance
The difference between the expected time to produce a product or service and the actual time taken, often used to measure efficiency.
Actual Staff Hours
Actual staff hours are the real number of hours worked by employees, as recorded for payroll or project management purposes, distinct from scheduled or estimated hours.
Standard Rate Per Hour
The set amount paid for an hour of work, often used in budgeting labor costs for projects or operations.
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