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After carefully considering the pros and cons of other partners, Juan and Maria believe they make a good match and are committed to each other. Their behavior demonstrates
Direct Labour
The labor costs directly attributable to the production of goods or the provision of services.
Materials Price Variance
The difference between the actual cost of materials and the standard cost, indicating how much was saved or overspent on materials.
Direct Material Used
Direct material used refers to the raw materials that are directly incorporated into a product being manufactured.
Materials Purchased
The total cost of raw materials bought for use in the production process.
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