Examlex
How do isotopes of a given element differ?
Fixed Overhead Volume Variance
The difference between the budgeted and actual volume of units produced, multiplied by the standard fixed overhead rate.
Labour Efficiency Variance
The difference between the actual labor hours taken to produce a good and the standard hours expected, multiplied by the standard labor rate.
Actual Labour Hours
Actual Labour Hours refer to the total hours worked by employees, measured after the work has been completed, usually for comparison with planned or budgeted hours.
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