Examlex
The following fragments of DNA correspond to a section of the genome.
The derived sequence is
Labour Efficiency Variance
The difference between the actual labor hours used and the standard labor hours expected to produce a certain level of output.
Standard Labour Rate
The predetermined or expected cost per unit of labor, used in budgeting and cost control.
Variable Overhead Efficiency Variance
The difference between the actual level of activity (direct labor-hours, machine-hours, or some other base) and the standard activity allowed, multiplied by the variable part of the predetermined overhead rate.
Direct Labour Hours
The total hours worked by employees directly involved in producing goods or delivering services, used to allocate labor costs accurately.
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