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Labor efficiency variance in layman terms, is how much production to expect from an individual over a given time frame.
This means, you should expect to see a drop in the labor efficiency variance while teaching a new employee at the same position. With this information, you will be able to account for the loss in production throughout the learning curve phase of a new hire.
This is a very important number for large factories and manufacturing plants that carry a potential loss of millions of dollars over minutes if production is lacking.
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Relationship between leadership and management?
The relationship between leadership and management is complementary yet distinct. Leadership focuses on inspiring and guiding a team towards a shared vision, fostering creativity and change. Management, on the other hand, involves organizing tasks, resources, and processes to achieve predefined goals efficiently. While leaders set the direction and motivate, managers ensure tasks are executed and resources are allocated effectively. An effective organization requires a balance of both strong leadership and efficient management to drive innovation, productivity, and overall success.
What are the differences between a Federal Perkins Loan and a Direct Subsidized Loan?
The main difference between a Federal Perkins Loan and a Direct Subsidized Loan is the entity that provides the loan. The Federal Perkins Loan is offered by the school itself, while the Direct Subsidized Loan is provided by the federal government. Additionally, the interest on a Direct Subsidized Loan is paid by the government while the borrower is in school, whereas interest on a Perkins Loan begins accruing immediately.
What is the difference between wholesale banking and retail banking?
Wholesale banking is the business transactions that go on between banks. Retail banking has to do with direct customers of the bank.
What time does Fidelity post direct deposits?
Between 8-10 am eastern standard time a day early.
What is the difference between bpi direct and bpi family savings account?
The BPI Family Savings has more features available than the BPI Direct Savings. The Direct can be applied for from anywhere in the world, whereas the Family Savings is meant more for people who live within a branch district.
What is direct labor variance?
It means the difference between the budgeted or estimated direct labour cost at the start of work activity with the actual direct labour cost at the end of activity or fiscal year. If budgeted cost is more then the actuall then it is favourable variance otherwise it is unfavourable direct labour cost variance
Is the relationship between pressure and volume direct or inverse?
the relationship between pressure and volume a direct or inverse?
What is the relationship between two perimeters?
There is no direct relationship
What causes direct labour rate variance?
Direct labor rate variance is caused by a change in the hourly rate from what you initially planned.
The relationship between quantity demanded and price is direct or inverse?
direct
Relationship between multiculturalism and cultural assimilation?
there is no direct relationship. they are antithetical.
Is there a direct relationship between density and warmth?
No.
What does a favorable direct materials efficiency variance indicate?
A favorable direct materials efficiency variance indicates that you are using less material in production than was budgeted for.
What are the causes direct material quantity variance?
what are some of the causes of material quntity variance of favourable amount
What is the relationship between surface area and volume of a rectangular prism?
There is no direct relationship.
What is the relationship between consumer spending and disposable personal income?
a direct relationship.
What are the relations between mass and temperature?
There is no direct relationship between the two.
