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A branch where flow is permissible in either direction is a(n)
Theoretical Standard
An ideal cost or benchmark that assumes perfect efficiency and effectiveness in operations, used for comparison and goal setting.
Budget Performance Report
A financial report comparing the budgeted amounts to the actual amounts for a specific period, highlighting variances.
Direct Labor Rate Variance
The difference between the actual cost of direct labor used in production and the expected (or standard) cost, which can indicate efficiency in labor usage.
Actual Rate Per Hour
The true cost or payment rate for labor or services rendered, calculated on an hourly basis.
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