Examlex
Match the person or term with the with the correct description.
-John Adams
Ending Balance
The amount of money remaining in a financial account at the end of a reporting period, after all transactions have been accounted for.
Cash Account
An account that records cash transactions, including cash receipts and disbursements.
Direct Labor Costs
Expenses directly tied to the production of goods or services, which include wages and benefits paid to employees who physically produce a product.
Labor Efficiency Variance
The difference between the actual hours worked and the standard hours expected, weighted by the standard labor rate.
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