Examlex
According to the authors,the social presence effect occurs when:
Direct Labor Efficiency Variance
A measure used in cost accounting to evaluate the difference between the actual hours worked and the standard hours expected for the production achieved.
Direct Materials Price Variance
The difference between the actual cost of direct materials and the expected (or standard) cost of those materials.
DL Wage Variance
The difference between the budgeted wage and the actual wage paid to direct labor employees.
DL Efficiency Variance
The difference between the actual hours worked by direct labor to produce goods and the expected (or standard) hours, multiplied by the standard labor rate.
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