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The U.S. Constitution divides the power to regulate foreign affairs equally between the federal and state governments.
Actual Total Labour Cost
The real expense incurred for labor during the production process, covering all employees directly involved in manufacturing.
Materials Quantity Variance
The difference between the actual quantity of materials used in production and the expected quantity according to standards.
Direct Material Used
The raw materials directly incorporated into a product during the manufacturing process.
Variable Manuf. Overhead
Costs associated with the production process that vary with the level of output, such as utility costs and some labor expenses; it’s a focused subset of variable manufacturing costs.
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