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Need-based theories describe motivated behavior as team efforts to meet needs.
Overhead Costs
Expenses related to the operation of a business that cannot be directly attributed to a specific product or service.
Fixed Manufacturing Overhead
Costs related to manufacturing that remain constant regardless of the level of production or sales.
Machine-Hours
A measure of production volume expressed in the total hours machines are operated within a given period.
Budget Variance
The difference between what was budgeted or forecasted and what was actually achieved, indicating over or underperformance.
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