Examlex
What are the three major components found in learning disorders?
Standard Amount
The budgeted or pre-determined cost of materials, labor, and overhead that is used as a benchmark for actual costs.
Variable Manufacturing Overhead
The segment of manufacturing overhead expenses that fluctuates in relation to the volume of production output.
Actual Output
The real quantity of goods or services produced by a company, as opposed to planned or potential output.
Labor Efficiency Variance
The difference between the actual hours worked and the hours that should have been worked, considering the standard labor rate. It measures labor productivity.
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