Standard Hour

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Definitions
Direct Hour
Direct Hour Direct Labor Cost Unit Machine Hour Standard Hour Production Efficiency Time Management
A direct hour is the time spent working directly on a product, service, or cost unit within an organization. It is measured in direct labor hours, machine hours, or standard hours.
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Definitions
Standard Hour
Standard Hour Efficiency Ratio Production Measurement Direct Labour Efficiency Variance Overhead Efficiency Variance
A standard hour represents a measure of production that quantifies the amount of work or number of units produced within an hour under normal conditions. It is instrumental in calculating efficiency ratios and efficiency variances.
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Definitions
Standard Performance
Standard Performance Operator Efficiency Process Efficiency Standard Overhead Costs Production Units Standard Hour Standard Minute Performance Metrics
Standard performance refers to a predetermined level of performance for an operator or a process used as a basis for determining standard overhead costs. This metric helps in measuring efficiencies and productivity in operations.
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