Examlex
Match each item with the correct statement below.
-Activities that are performed each time a unit is produced.
Direct Labor Hour
A measure of the labor directly spent on manufacturing a product, often used as a basis for allocating labor costs to products.
Direct Materials Price Variance
The difference between the actual cost of materials used in production and the expected (standard) cost.
Direct Materials
Raw materials that are consumed in the production process and can be directly traced to the end product.
Total Variable Overhead Variance
The difference between the expected and actual costs of variable overheads in a manufacturing or production process.
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