labour hours
121idle 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… …
122production — The cost units manufactured by an organization. Production may be measured in units, direct labour hours, machine hours, or direct labour cost …
123production — The cost units manufactured by an organization. Production may be measured in units, direct labour hours, machine hours, or direct labour cost …
124Shaftesbury, Anthony Ashley Cooper, 7th Earl of, Baron Cooper Of Pawlett, Baron Ashley Of Wimborne St. Giles — ▪ British industrial reformer [1801 85] born April 28, 1801, London, Eng. died Oct. 1, 1885, Folkestone, Kent one of the most effective social and industrial reformers in 19th century England. He was also the acknowledged leader of the… …
125budgeted capacity — normal capacity The productive capacity available in an organization for a budget period as expressed in the budget for that period. It may be expressed in terms of direct labour hours, machine hours, or standard hours …
126capacity — The level of productive capacity that an organization can attain under particular circumstances. It may be expressed in terms of direct labour hours, machine hours, or standard hours. See also: budgeted capacity, idle capacity …
127fixed overhead capacity variance — capacity usage variance; = idle capacity variance In a system of standard costing, the difference arising between the actual hours worked and the budgeted capacity available, valued at the standard fixed overhead absorption rate per hour. It can… …
128budgeted capacity — The productive capacity available in an organization for a budget period as expressed in the budget for that period. It may be expressed in terms of direct labour hours, machine hours, or standard hours …
