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Secondary metabolites
Labor Quantity Variance
The difference between the actual labor hours used and the standard hours planned, multiplied by the standard hourly labor rate.
Predetermined Manufacturing Overhead Rates
A rate used to allocate manufacturing overhead costs to products based on a standard cost, established in advance of production.
Total Controllable
Relates to the expenses or costs over which a manager or business has direct control.
Volume Overhead Variances
The differences between the expected fixed overhead costs and the actual fixed overhead allocated, based on the volume of production.
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