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Every proton in the universe is surrounded by its own
Efficiency Variance
The difference between the actual amount of input (time, materials, etc.) used in production and the standard amount expected to be used.
Direct Labor-Hours
The sum of the hours spent by workers directly manufacturing a product.
Variable Overhead
Indirect production costs that fluctuate with the level of output, such as utilities or materials used in the manufacturing process.
Efficiency Variance
A measure used in cost accounting to evaluate the efficiency of resource usage, calculated as the difference between actual usage and the standard or expected usage.
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