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Explain what a network structure is.Why do some writers believe that a network structure is an effective design for global competition?
Labour Rate Variance
The difference between the actual cost of direct labor and the estimated cost based on the standard labor rate.
Standard Labour Hours
The calculated amount of labor hours predetermined to be necessary for completing a specific task or producing a certain quantity of goods.
Actual Hours Worked
The real number of hours an employee or workforce spends performing tasks during a specific period, as opposed to scheduled or standard hours.
Materials Price Variance
The difference between the actual cost of materials used in production and the standard (expected) cost.
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