LABOR THROUGHPUT VARIANCE Definition

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LABOR THROUGHPUT VARIANCE reveals potential constraints on throughput caused by changes in the mix of products being produced. It is computed the way the traditional labor "efficiency" variance is computed but aggregated at a fairly high level (e.g., total plant or total department) and expressed as percent of actual clocked production hours vs. standard production hours.

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CREDITORS LEDGER see LEDGER.

RECEIVING is to get something or come into possession of something. In a company it can be a location where goods are received.

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