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How is virtualization implemented on workstations?
Direct Materials
Raw materials that are directly traceable to the manufacturing of a specific product.
Actual Hours
The real number of hours worked, as opposed to planned or scheduled hours.
Standard Cost System
An accounting method that uses cost estimates for materials, labor, and overhead to control business costs.
Variable Overhead Spending Variance
The difference between the actual variable overhead incurred and the expected (or standard) variable overhead based on the actual level of production activity.
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