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Variable Overhead
Indirect production costs that change in response to the level of production activity, such as utility costs in a manufacturing plant that vary with machine usage.
Rate Variances
The difference between the expected (standard) cost and the actual cost incurred for a rate-based expense, such as labor or materials.
Lubricants
Substances applied to surfaces to reduce friction, protect against wear, or provide lubrication, often essential in machinery and manufacturing processes.
Supplies
Items that are used in the day-to-day operations of a business, not directly part of the manufactured product but necessary for its production.
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