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The Taft-Hartley Act, which was introduced as a response to the upsurge of strikes in that time period, outlawed _____.
Direct Materials
Raw materials that are directly traceable to the production of a specific product and are significant in cost.
Favorable
A term usually used in finance and accounting to describe results that are better than anticipated or that result in a benefit.
Standard Direct Materials Costs
The budgeted or standard cost of the raw materials required to produce a unit of product.
Standard Price
A predetermined cost that companies use to budget and evaluate the performance of actual costs.
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