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Evidence that people can develop an emotional preference for stimuli to which they have been unknowingly exposed has convinced Robert Zajonc that
Direct Labor Rate Variance
The difference between the actual cost of direct labor used in production and the expected (or standard) cost, which can indicate efficiency in labor usage.
Actual Rate Per Hour
The true cost or payment rate for labor or services rendered, calculated on an hourly basis.
Standard Rate Per Hour
The predetermined cost or rate applied to labor or services per hour for budgeting and costing purposes.
Ideal Standards
Strictly defined benchmarks in cost accounting that assume perfect efficiency and effectiveness in operation.
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