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Provide examples of common teratogens, and explain how teratogens affect the developing fetus.
Direct Labor Costs
Expenses directly tied to the production of goods or services, which include wages and benefits paid to employees who physically produce a product.
Labor Efficiency Variance
The difference between the actual hours worked and the standard hours expected, weighted by the standard labor rate.
Labor Rate Variance
The difference between the actual hourly labor cost and the standard or budgeted hourly labor cost, multiplied by the total hours worked.
Materials Quantity Variance
The variance between the real amount of materials consumed in the production process and what was anticipated, calculated by the standard cost for each unit.
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