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The typical victim and the typical offender are extremely different from one another.
Direct Labor
The wages and related benefits of employees who are directly involved in the production of goods or the delivery of services.
Direct Materials
Raw materials that are directly incorporated into a finished product and are easily traceable to specific goods or services.
Fixed Factory Overhead
Refers to the consistent, non-variable costs associated with operating a manufacturing facility, such as rent, salaries, and utility expenses.
Static Budget
A budget that remains unchanged over the budget period and is not adjusted for actual levels of activity.
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