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During Truman's presidency, Congress overrode his veto of the
Variable Manufacturing Overhead
Costs that vary with production output, such as utilities for the manufacturing plant, which are not directly tied to specific units produced.
Fixed Manufacturing Overhead
The production costs that do not vary with the volume of production, such as salaries of managers and depreciation of equipment.
Net Operating Income
The profit generated from a company's core business operations, excluding deductions of interest and taxes.
Direct Labour
The wages or salaries paid to employees who are directly involved in the manufacturing or production of goods.
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