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Under normal conditions, which of the following economic variables is not affected by changes in the amount of money circulating in an economy?
Standard Cost
A predetermined cost of manufacturing, delivering, or producing goods under normal conditions.
Standard Cost System
An accounting system that estimates the cost of products in advance, using standard rates for materials and labor.
Direct Labor-Hours
The hours worked by employees directly involved in manufacturing goods, which is used as a basis for assigning labor costs to products.
Fixed Manufacturing Overhead
The portion of total manufacturing overhead costs that remains constant regardless of the level of production or activity volume.
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