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Two corporations in a state may have the same names.
Direct Labor Costs
Compensation and perks given to workers directly engaged in creating products or services.
Fixed Overhead
Regular, unchanged costs associated with operating a business, such as rent and salaries, irrespective of production levels.
Work in Process
Goods that are in various stages of completion in the manufacturing process but are not yet finished products.
Direct Labor Variances
The differences between the actual labor costs incurred and the standard labor costs for the actual production achieved.
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