actual hours
21Julian day — JDN redirects here. For the military IT system, see Joint Data Network. For the comic book character Julian Gregory Day, see Calendar Man. Not to be confused with Julian year (disambiguation). Julian day is used in the Julian date (JD) system of… …
22direct labour rate of pay variance — In a standard costing system, a variance arising as part of the direct labour total cost variance. It compares the actual rate paid to direct labour for an activity with the standard rate of pay allowed for that activity for the actual hours… …
23Assistant Language Teacher — Assistant Language Teacher, often abbreviated to ALT, is a term that was created by the Japanese Ministry of Education at the time of the creation of the JET Programme as a translation of the term (外国語指導助手） gaikokugo shido joshu or literally… …
24efficiency ratio — A ratio that measures the efficiency of labour or an activity over a period by dividing the standard hours allowed for the production by the actual hours taken. It is usually expressed as a percentage, using the formula: (standard hours allowed × …
25efficiency ratio — A ratio that measures the efficiency of labour or an activity over a period by dividing the standard hours allowed for the production by the actual hours taken. It is usually expressed as a percentage, using the formula: (standard hours allowed × …
26overhead efficiency variance — overhead productivity variance; = productivity variance In a standard costing system, that part of the overhead total variance that arises from the more or less efficient use of the time available to carry out the actual production. It compares… …
27Comparison of time tracking software — This is a comparison of notable time tracking software packages and web hosted services. Name Platform Features Integration Data storage Licensing 1DayLater Web based Online time tracking and invoicing tool. Includes expense tracking, mileage… …
28idle capacity ratio — The ratio, sometimes expressed as a percentage, of the production capacity idle during a specified period to the capacity as expressed in the budget. Capacity can be measured in machine hours or labour hours and idle capacity is measured in the… …
29direct labour efficiency variance — In a standard costing system, a variance arising as part of the direct labour total cost variance. It compares the actual labour time taken to carry out an activity with the standard time allowed and values the difference at the standard direct… …
30direct labour total cost variance — The combination of the direct labour rate of pay variance and the direct labour efficiency variance; it compares the actual cost and the standard cost of the direct labour incurred in carrying out the actual production. The formula for this… …
