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Variable Manufacturing Overhead
Costs that vary with the level of production output, such as utilities or commissions, which are indirectly associated with the manufacturing of products.
Total Variable Overhead Variance
Total variable overhead variance is the difference between the actual variable overhead costs incurred and the expected costs based on a standard cost model, indicating inefficiencies in production.
Variable Manuf. Overhead
Costs that vary with the level of production output and are related to the manufacturing process but cannot be directly traced to individual units produced.
Direct Materials
Raw materials that are directly incorporated into a finished product and are easily traceable to it.
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