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Which theory examines only what can be observed?
Direct Materials
Raw materials that are directly traceable to the manufacturing of a specific product.
Direct Labor-Hours
The total hours of work directly involved in manufacturing goods or providing a service.
Variable Overhead
The costs that fluctuate with the level of production output and may include expenses such as utilities and indirect materials.
Direct Materials
Raw materials that can be directly attributed to the manufacturing of a product.
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