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There is scientific evidence that global climate change is occurring, and that it is driven by human activities.
Price Variance
The difference between the actual cost and the standard or expected cost of an item or service.
Direct Labor-Hours
The total hours of work directly spent on producing a specific product or service.
Variable Overhead
Overhead costs that fluctuate with changes in production level or business activity, such as utilities for machinery.
Efficiency Variance
The difference between the standard cost of labor or materials for actual production and the actual cost incurred, reflecting how efficiently resources are utilized.
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