Examlex
RFID technology has dramatically changed the ease with which information can be integrated and delivered on an ad hoc basis.
Direct Labor-hours
Sum total of hours expended by workers directly active in the manufacturing domain.
Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the expected variable overhead based on standard cost.
Variable Manufacturing Overhead
Costs in the manufacturing process that change with the level of production output, such as utilities and materials used in production.
Last Month
Refers to the period of time from the first to the last day of the month immediately preceding the current month.
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