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The standard number of direct labor hours used in calculating the direct labor efficiency variance is based on
Stockholder
An individual, company, or entity that owns at least one share in a company, giving them partial ownership.
Outstanding Stock
Refers to the shares of a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares.
Authorized
Officially approved or permitted, often used in the context of legal or corporate permissions.
Issued
refers to securities, stocks, or bonds that have been officially released or sold by a company to investors.
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