Businesses evaluate their product costs on a regular basis. Understanding these costs helps the company to make pricing decisions and estimate its potential profits. Each year the company creates a ...

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.

Over the last several years, I have spent extensive time talking with landscape industry leaders, networking at conferences and attending educational events. I have discovered there is one metric that ...