Examlex
Which has the greater mass?
Variable Manufacturing Overhead
Indirect manufacturing costs that fluctuate with production volume, such as utilities and maintenance expenses.
Labor Efficiency Variance
The difference between the actual hours worked and the standard hours expected, multiplied by the standard labor rate.
Direct Materials Purchases Variance
The difference between the actual cost of direct materials purchased and the expected cost of direct materials, based on standard cost.
Standard Direct Labor-Hours
The predetermined amount of labor time estimated or expected to produce a unit of output, used for budgeting and measuring efficiency.
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