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Elena is working on a team project for her computer science class.Although the entire team is responsible for the project,some people do not feel personally responsible for
Contributing to it.Because of this,some team members do not complete their assigned
Tasks.This is most likely due to
Variable Manuf. Overhead
Costs that vary with the level of production output and are related to the manufacturing process but cannot be directly traced to individual units produced.
Direct Materials
Raw materials that are directly incorporated into a finished product and are easily traceable to it.
Labour Rate Variance
The difference between the actual labor costs incurred and the standard labor costs for the actual production level.
Actual Rate
The actual cost incurred or the price paid for materials, labor, or overhead as opposed to budgeted or standard costs.
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