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An employer has terminated an employee for alleged misconduct and the union has filed a grievance. If the grievance is not settled it will be resolved using:
Variable Production Costs
Costs that vary directly with the volume of production, including direct labor and materials.
Traceable Fixed Expense
Fixed costs that can be directly linked to a specific segment of the business, and would disappear if the segment did.
Fixed Manufacturing Overhead
The portion of manufacturing overhead costs that remains constant regardless of the level of production.
Variable Costing
An accounting method that considers only variable production costs (costs that change with the level of output) in the calculation of product costs.
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