Examlex
Which of the following is the unit of measurement for assessing loudness?
Direct Labor Efficiency Variance
The difference between the budgeted amount of direct labor required to produce an output and the actual direct labor used.
Favorable
A term used in budgeting and finance to indicate results that are better than expected, such as lower costs or higher revenues.
Unfavorable
A term used to describe outcomes or variances that negatively impact financial performance or expectations.
Unfavorable Variances
Occurrences when actual costs exceed budgeted or expected costs, indicating a potential need for management action to address inefficiencies.
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