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Which of the following is a major approach to identifying determinant attitudes?
Total Labor Variance
Represents the difference between the budgeted or standard cost of labor and the actual cost incurred, capturing inefficiencies or savings in labor costs.
Overhead Controllable Variance
The difference between the actual overhead incurred and the overhead that should have been incurred, given the level of activity, which is under the control of management.
Overhead Volume Variance
The difference between the expected (budgeted) and the actual overhead costs incurred, due to variations in the level of produced or sold volume.
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