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Direct Labour Costs
Costs that can be directly attributed to the production of goods or services, such as wages for workers manufacturing a product.
Variable Overhead Spending Variance
The difference between the actual variable overhead costs incurred and the expected costs based on a predetermined standard.
Variable Manufacturing Overhead Cost Incurred
The variable expenses directly related to the manufacturing process, such as materials and labor, that change with production levels.
Total Variable Overhead Variance
The difference between the actual variable overhead costs incurred and the standard variable overhead costs expected for the actual production level.
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