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The parasympathetic branch of the autonomic nervous system
Standard Costs
Predetermined costs assigned to goods and services, used in setting a budget and analyzing performance.
Actual Costs
The actual expenses incurred in the production of goods or services, as opposed to estimated or standard costs.
Time Variance
This refers to the difference between the expected time to complete a task and the actual time taken.
Actual Direct Labor Hours
The real number of labor hours spent by workers directly involved in the production of goods or services.
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