Examlex
Digital rights management is a technological solution that allows publishers to control their digital media to discourage, limit, or prevent illegal copying and distribution.
Variable Overhead
Costs that vary with the level of production or business activity, such as utilities and indirect materials, but do not directly correlate to direct labor or materials.
Variable Overhead Efficiency Variance
The difference between the actual variable overhead costs incurred and the expected (or standard) costs, based on efficient usage of resources.
Actual Labour Hours
The real amount of labor time spent by employees on the production of goods or provision of services.
Standard Labour Rate
The pre-determined cost per unit of labor time, used in calculating labor expenses in manufacturing.
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