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-Tiberius and Gaius Gracchus
Variable Overhead
Costs of production that vary with the level of output, such as utility expenses or raw material costs.
Direct Materials
Raw materials that are directly traceable to the production of a specific good or service.
Variable Overhead
Costs of operation that fluctuate with production volume, such as utilities for machinery.
Direct Labor-Hours
The cumulative amount of time employees spend specifically on the creation of goods or services.
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