Standard Hours Allowed Definition
Standard Hours Allowed Definition:
The time that should have been taken to complete the period’s output as computed by multiplying the actual number of units produced by the standard hours per unit.
Other Related Accounting Articles:
- Standard Quantity Allowed Definition
- Standard Cost Per Unit Definition
- Direct Labor Idle Time Variance
- Standard Hours Per Unit Definition
- Volume Variance Definition
- Direct Labor Efficiency Variance
- Labor Efficiency Variance Definition
- Variable Overhead Efficiency Variance Definition
- Direct Material Usage Variance
- Calculating Full Time Equivalent
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