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Which of the following explanations for racial differences in intelligence is best supported by research evidence?
Fixed Overhead Cost
Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.
Volume Variance
A measure used in budgeting and accounting to show the difference between expected (budgeted) and actual sales volumes, affecting revenue or costs.
Direct Labor Time Variance
The difference between the estimated time to complete a task and the actual time taken, affecting cost management in manufacturing.
Direct Labor Rate Variance
The difference between the actual cost of direct labor and the expected (or standard) cost, calculated for a specific period.
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