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Direct Labor Workers
Employees who are directly involved in the production of goods, their wages are considered direct labor costs.
Denominator Level
The base or reference level used in various accounting or financial ratios, indicating the scale or volume for allocation or comparison.
Budget Variance
Budget variance is the difference between the budgeted or planned financial activity and the actual financial performance.
Fixed Manufacturing Overhead
Costs associated with production that do not change with the level of output, such as rent, salaries, and equipment depreciation.
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