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As a result of the blurring between international and domestic security, many countries have responded by passing controversial laws that have
Manufacturing Overhead
All indirect costs associated with manufacturing, such as indirect materials, indirect labor, and other overhead costs.
Labor Efficiency Variance
The difference between the actual labor hours used and the standard labor hours expected, multiplied by the standard labor rate.
Direct Materials
Raw materials that can be directly traced to the production of specific goods or services.
Direct Labor-Hours
The sum of hours contributed by personnel directly employed in the process of manufacturing.
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