This method is utilized to figure out how much time it took to produce a product over how many hours where allocated to finish the project.
Related information about direct labor efficiency variance:
- Direct Labor Efficiency Variance - Managerial Accounting
The quantity variance for direct labor is generally called direct labor efficiency variance or direct labor usage variance. This variance measures the productivity of ...
- What is direct labor efficiency variance? definition and meaning
Definition of direct labor efficiency variance: The difference between the number of hours worked per unit and the number of hours budgeted to be worked per ...
- direct labor efficiency variance definition | AccountingCoach.com
A variance arising in a standard costing system that indicates the difference between the standard cost of the direct labor.
- What does the direct labor efficiency variance tell us ...
This variance tells us how efficient the direct labor was in making the actual output that was produced by the direct labor. The direct labor efficiency.
- Direct Labor - Standard Cost and Variances | AccountingCoach.com
3. Direct Labor Efficiency Variance(Std Hr - Act Hr) x Std Cost ... In January, the direct labor efficiency variance (#3 above) is unfavorable because the company ...
- XII. D. Direct Labor Efficiency Variance.wmv - YouTube
Jan 18, 2011 ... Calculation and explanation of direct labor efficiency variance.
- Direct Labor Efficiency Variance: Definition from Answers.com
Difference between standard direct labor hours allowed for the good units produced and actual direct labor hours worked, multiplied by the standard direct.
- Labor Efficiency Variance - AccountingTools
... Practices podcast discusses variance analysis. Listen now. Similar Terms. The labor efficiency variance is also known as the direct labor efficiency variance.