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Variable Manufacturing Overhead
Costs in manufacturing that vary with the level of production output, such as utilities or indirect material costs, but do not include direct materials or direct labor.
Labor Efficiency Variance
The difference between the actual hours worked and the expected hours worked, multiplied by the standard hourly labor rate.
Variable Overhead Efficiency Variance
This term measures the efficiency with which variable overhead resources are utilized in the production process.
Shipping Container Refurbishment
The process of repairing and restoring shipping containers to extend their usability and lifecycle.
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