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Television coverage of the House changed radically with the emergence of
Variable Overhead Costs
Costs that fluctuate with production volume, such as utilities or raw materials, and are part of the total overhead costs.
Direct Labor Time
Direct labor time is the amount of time spent by workers directly involved in the production of goods or services, excluding time of indirect labor like maintenance or supervision.
Direct Materials Budget
A financial plan that estimates the raw materials needed for production and the associated costs.
Production Budget
An estimate of the number of units that must be produced during a period to meet expected sales demand and to satisfy ending inventory requirements.
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