Examlex
Behaviour that occurs when we change our actions or attitudes because of real or imagined group pressures is called _____________.
Direct Labour Efficiency Variance
The difference between the actual number of labor hours worked and the standard hours expected, multiplied by the standard labor rate.
Direct Labour Hours
The total time labor directly involved in manufacturing a product or providing a service, often used for allocating labor costs to products or services.
Standard Hours
The set amount of time expected to be spent on a particular task, project, or to produce a certain quantity of goods.
Materials Price Variance
The difference between the actual cost of materials purchased and the expected cost at standard pricing, indicating cost management efficiency.
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