Examlex
What are the steps in the training and development process? Why is implementing a training and development program frequently difficult?
Direct Labor
Direct labor refers to the work done by employees that is directly involved in the production of goods or the provision of services.
Variance
A measure of the dispersion or spread of a set of data points around their mean value.
Direct Materials Quantity Variance
The difference between the actual quantity of direct materials used in production and the standard quantity expected to be used.
Standard Labor Hours
The predetermined amount of time expected to be required to complete a task or produce a unit of goods under normal conditions.
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