Examlex
Every month Olivier buys exactly 6 take-out pizzas even though the price may fluctuate significantly.Apparently,Olivier's price elasticity of demand for take-out pizza is
Total Direct Labor Variance
The difference between the actual cost of direct labor used to produce goods and the standard cost of direct labor expected for those goods.
Rate
A measure, quantity, or frequency, typically one measured against another quantity or measure.
Hours
Units of time, each equal to 60 minutes, used often as a measure for billing, labor, or scheduling.
Direct Labor Time Variance
The difference between the estimated time for direct labor to complete a task and the actual time taken, indicating efficiency or productivity issues.
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