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According to expectancy theory,a skill-development training program would:
Direct Labor Employees
Workers who are directly involved in the manufacturing of products, including those who operate machinery, assemble products, or perform manual labor that can be directly attributed to specific goods or services.
Favorable Variances
Differences between actual and budgeted or standard cost figures that are financially beneficial to a company.
Unfavorable Variances
Differences where actual results are worse than expected, often leading to higher costs or lower revenues.
Raw Materials Inventory
The total cost of all the raw materials that are used in the manufacturing process but have not yet been converted into finished goods.
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