Operations / Workforce

Earned (Standard) Hours & Labor Variance

How many hours the output SHOULD have taken at standard versus how many it actually took, and the cost of the gap, split into how fast people worked and what they were paid.

The fork, why two teams get different numbers

Earned hours (output × the standard hours per unit) is compared against actual hours to get labor efficiency, this is the same efficiency that feeds APICS rated capacity and mirrors the OEE performance factor, yet the three are computed on different bases and rarely reconciled.

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Reference: standard-cost accounting (IMA rate & efficiency variances) · industrial-engineering standard hours · APICS/ASCM