Labor price variance, or direct labor rate variance, measures the difference between the budgeted hourly rate and the actual rate you pay direct labor workers who directly manufacture your products.

Direct labor rates are the labor costs directly resulting in the production of a product or delivery of a service. These costs include wages as well as payroll taxes, insurance, retirement matches, ...

Direct manufacturing labor costs are associated with the laborers in your factory who work on the goods you're manufacturing directly. It's important to measure this cost for a small business, because ...