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Which is the lightest among the following particles?
Labor Efficiency Variance
The difference between the actual number of labor hours worked and the standard hours expected, multiplied by the standard labor rate.
Labor Rate Variance
The difference between the actual cost of labor and its expected cost based on standards or budgets.
Direct Labor Employees
Workers who are directly involved in the manufacturing of products, including those who operate machinery, assemble products, or perform manual labor that can be directly attributed to specific goods or services.
Favorable Variances
Differences between actual and budgeted or standard cost figures that are financially beneficial to a company.
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