Examlex
The ____________________ layout is one in which the product remains in one location, and tasks and equipment are brought to it.
Direct Labor Hour
A measure of the labor directly spent on manufacturing a product, often used as a basis for allocating labor costs to products.
Direct Materials Price Variance
The difference between the actual cost of materials used in production and the expected (standard) cost.
Direct Materials
Raw materials that are consumed in the production process and can be directly traced to the end product.
Total Variable Overhead Variance
The difference between the expected and actual costs of variable overheads in a manufacturing or production process.
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