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Once equivalent units are calculated for materials, this number will also be used for direct labor and factory overhead.
Risk-free Return
The return on an investment with no risk of financial loss, typically associated with government bonds.
Standard Deviation
A statistical measurement that reflects the amount of variance or dispersion of a set of values. A low standard deviation means that the values tend to be close to the mean, while a high standard deviation means that the values are spread out over a wider range.
Defined Contribution Plan
A retirement savings plan where an employer or employee contributes a fixed amount or percentage of the employee's salary into their account, and the retirement benefit depends on the account's investment performance.
Risk-free Return
The theoretical return on an investment with no risk of financial loss, typically represented by the return on government securities.
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