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Direct Labor-Hours
The gross hours worked by personnel directly implicated in production operations.
Materials Quantity Variance
The deviation of the actual material usage in manufacturing from the expected standard usage, multiplied by the cost per unit according to standard pricing.
Direct Materials
Raw materials that are directly used in the manufacturing of a product and are easily traceable to it.
Variable Manufacturing Overhead
Overhead costs that fluctuate with changes in production volume, such as utility expenses and machine maintenance.
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