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In 2012,__________ had the most billionaires in the world.
Variable Manufacturing Overhead
Costs that vary directly with the level of production output, such as indirect materials and indirect labor that increase as production increases.
Actual Output
The real quantity of goods or services produced by a company during a specific period, as opposed to planned or theoretical output.
Labor Efficiency Variance
The variance between the real hours spent working and the anticipated standard hours, times the standard rate of labor.
Actual Direct Labor Rate
The actual amount paid per hour to workers who are directly involved in the production of goods or services.
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