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Lycra bicycle shorts and exercise clothing contain fibers that have great strength and rigidity as well as the ability to stretch.These fibers are probably composed of
Labor Efficiency Variance
A measure of the difference between the actual hours worked by employees and the expected hours worked, multiplied by the standard labor rate.
Variable Overhead Rate Variance
The difference between the actual variable overhead incurred and the expected (or standard) costs based on the predetermined overhead rate.
Month
A unit of time, roughly based on the period of the lunar cycle, used in calendars to divide the year.
Fixed Manufacturing Overhead
The consistent, unchanged costs associated with manufacturing a product or service regardless of the output level.
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