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-Stanford Achievement Test
Raw Materials
Basic materials that are used in the manufacturing process to produce finished goods.
Budgeted Production
The anticipated volume of products a company plans to produce within a specific period, as part of its budgeting process.
Variable Overhead Rate
The cost per unit of production or activity that fluctuates with the volume of output, like utilities or material handling expenses.
Fixed Manufacturing Overhead
The portion of manufacturing overhead costs that remains constant regardless of the volume of production, such as rent, property taxes, and salaries of permanent staff.
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