Examlex
The elimination of idle time on both bottleneck and non-bottleneck operations must be accomplished to optimize output.
Variable Manufacturing Overhead Standards
Pre-set rates used to allocate variable overhead costs to individual units of production based on expected usage criteria, such as labor hours.
Variable Overhead Efficiency Variance
A measure in cost accounting showing the difference between the actual variable overhead incurred and the expected (or standard) variable overhead based on the actual hours worked.
Variable Overhead Standards
Predetermined rates used to control and budget for the variable portion of manufacturing overhead costs, adjusting with production volumes.
Direct Labor-hours
The cumulative hours spent by workers who are primarily engaged in creating products or providing services.
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