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We can choose to take an optimistic view of the world which accomplishes?
Materials Quantity Variance
The variance between the real amount of materials consumed during manufacturing and the anticipated amount, as per norms.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product and are a significant portion of the total cost of production.
Standard Cost Card
A document that lists the standard costs associated with producing a unit of product, including materials, labor, and overhead.
Fixed Manufacturing Overhead
Costs that do not vary with the level of production or sales, such as salaries of production supervisors and depreciation of factory equipment.
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