Examlex
The standard cost of direct labour per hour is $10.00. Two standard direct labour hours are allowed per finished good. During the current period, 512 finished goods were produced using 1,000 direct labour hours. The direct labour price variance is $100, unfavourable. Calculate the actual cost of direct labour per hour.
Information
Data or knowledge communicated or received concerning a particular fact or circumstance.
Principal
In legal and financial contexts, the original sum of money loaned or invested, before interest; in agency, the person or entity who authorizes an agent to act on their behalf.
Specific Authority
Power or permission given to an agent for specific tasks or transactions on behalf of the principal.
Necessarily Incidental
Activities or actions that are not central but are unavoidably part of or related to accomplishing a main activity or goal.
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