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What is the relationship between learning curve and direct labor variance?
Ojamal
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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∙ 12y ago
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