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Which of the following should always rotate at engine crankshaft speed?
Cost of Goods Sold
The direct costs attributed to the production of the goods sold in a company, including both materials and labor.
Standard Costs
Predetermined costs for the production of goods or services, used as benchmarks to measure actual production costs and performance efficiency.
Variances
The differences between expected and actual figures in budgeting and accounting, which can indicate over or under performance.
Materials Price Variance
The difference between the actual cost of materials used in production and the expected cost under standard costing.
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