standard hour

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• standard hour — A measure of production (not time) that represents the amount of work, number of units produced, etc., that can be achieved within an hour under normal conditions. It is used to calculate the efficiency ratio and efficiency variances …   Accounting dictionary

• standard hour — A measure of production (not time) that represents the amount of work, number of units produced, etc. , that can be achieved within an hour under normal conditions. It is used to calculate the efficiency ratio and a range of variances that… …   Big dictionary of business and management

• standard performance — standard operator performance A predetermined level of performance for an operator or a process used as a basis for determining standard overhead costs. For example, standard performance may be expressed as the number of units of production per… …   Accounting dictionary

• rate per standard hour — A basis used in absorption costing for absorbing the manufacturing overhead into the cost units produced. The formula is: budgeted manufacturing overhead/budgeted standard hours. A different basis of cost allocation is used in activity based… …   Accounting dictionary

• rate per standard hour — A basis used in absorption costing for absorbing the manufacturing overhead into the cost units produced. The formula is: budgeted manufacturing overhead budgeted standard hours. A different basis of cost allocation is used in activity based… …   Big dictionary of business and management

• standard minute — One sixtieth of a standard hour …   Accounting dictionary

• standard performance — standard operator performance A concept used in work measurement to achieve comparability between a range of observations, for determining standard overhead costs, and as the basis for the calculation of some performance related bonus schemes.… …   Big dictionary of business and management

• Hour Glass — was the first regularly scheduled variety show shown on American network television. It ran on NBC from May of 1946 until March of 1947. Hour Glass was sponsored by Standard Brands. The program included comedians, musicians, entertaining films… …   Wikipedia

• standard time — UK US noun [U] ► MEASURES the time that is officially used in a country or an area of a country: »In the fall, staff get paid an hour overtime during the return to standard time. → Compare DAYLIGHT SAVING TIME(Cf. ↑daylight saving time), GMT(Cf.… …   Financial and business terms

• standard time — ☆ standard time n. 1. the time in any of the 24 time zones, each an hour apart, into which the earth is divided: it is based on distance east or west of Greenwich, England; the 8 zones of North America (Atlantic, Eastern, Central, Mountain,… …   English World dictionary

• standard time — the civil time officially adopted for a country or region, usually the civil time of some specific meridian lying within the region. The standard time zones in the U.S. (Atlantic time, Eastern time, Central time, Mountain time, Pacific time,… …   Universalium