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Hard-drawn copper pipe is often bent in the field during system installation.
Labor Efficiency Variance
The difference between the actual hours worked and the standard hours worked, multiplied by the standard labor rate.
Direct Labor-Hours
The total amount of labor time directly involved in manufacturing a product or delivering a service, often used as a basis for allocating overhead costs.
Variable Manufacturing Overhead
Overhead costs that fluctuate directly with the volume of production output, such as utilities and indirect materials.
Raw Materials
The basic, unprocessed inputs used in manufacturing to produce goods and finished products.
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