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Which of the following statements is true of private clouds?
Overhead Costs
Expenses that are not directly tied to the production of goods or services, such as rent, utilities, and administrative salaries.
Direct Materials Quantity Variance
The difference between the actual quantity of direct materials used and the expected quantity, multiplied by the standard cost per unit.
Direct Labor Rate Variance
The difference between the actual cost of direct labor and the standard cost, attributed to the difference in the hourly wage rate paid and the standard rate expected.
Direct Labor Costs
These are the salaries and wages paid to employees directly involved in producing a company's goods or services.
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