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By the 1920s and 1930s, Japan
Variable Overhead
Costs that fluctuate with production volume, such as utilities and indirect materials, which are not constant like fixed overhead costs.
Direct Labor
Labor costs directly attributable to the production of goods, including wages of workers who are actively involved in the manufacturing process.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product and constitute an integral part of the finished product.
Unassembled Product
A product that is sold in parts and requires assembly by the customer or retailer before it can be used.
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