Examlex
Total quality management (TQM) focuses on defect correction rather than defect prevention.
Labour Efficiency Variance
This is a measure of the difference between the actual labor hours used in production and the standard labor hours expected to produce the same level of output.
Variable Manuf. Overhead
Indirect, variable costs incurred during the manufacturing process, excluding direct labor and direct materials.
Labour Efficiency Variance
The difference between the actual labor hours used and the standard labor hours expected, multiplied by the standard labor rate.
Direct Labour Used
The total effort, measured in hours or costs, of workers directly involved in the manufacturing process of a product.
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