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If planned injections exceed leakages, output will
Standard Labour Rate
The predetermined cost associated with labor per unit of time, used as a benchmark for budgeting and cost control.
Actual Total Labour Cost
The actual amount spent on wages and salaries for employees directly involved in the production process.
Actual Hours
The real number of hours worked or spent on a specific task, project, or production process.
Materials Quantity Variance
The difference between the actual quantity of materials used in production and the standard quantity expected, multiplied by the standard cost per unit.
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