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What can cause an upward (left) shift in the budget line?
Direct Materials
The raw materials that are directly traceable to the production of a specific good or service.
Purchased Liters
The quantity, in liters, of a liquid product that has been bought by a company or individual.
Standard Costing System
An accounting system that estimates the cost of products by assigning predefined costs to materials, labor, and overhead.
Machine-hours
A measure of the amount of time a machine is operated, used as a basis for allocating manufacturing overhead costs to products.
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