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When symptoms of mental retardation are not apparent until after age 17,
Direct Materials Cost Variance
The difference between the budgeted cost of materials for products and the actual cost incurred.
Direct Labor Rate Variance
The difference between the actual cost of labor per hour and the standard or expected cost, multiplied by the total labor hours worked.
Direct Labor Time Variance
The difference between the actual labor time spent on a product and the standard labor time expected, affecting product costs.
Standard Costs
Predetermined or estimated costs that are used as benchmarks for measuring the performance of actual costs in manufacturing or production.
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