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Variable Manufacturing Overhead
comprises manufacturing costs that vary directly with the level of production, such as materials and labor.
Direct Labor-hours
The all-encompassing total of work hours by staff directly partaking in manufacturing roles.
Variable Overhead Efficiency Variance
The difference between the actual variable overhead incurred and the standard cost based on the actual level of activity output.
Variable Overhead
Costs that vary with the level of production or sales volume, such as raw materials and labor directly involved in production.
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