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Jill,in good faith and for value,gets from Kit a check "payable to the order of bearer." Jill does not know that Kit stole the check.Jill is
Volume Variance
A measure of the difference between the budgeted and actual volume of production, affecting costs or profitability.
Manufacturing Overhead
All manufacturing costs that are not direct labor or direct materials, such as utilities, depreciation, and maintenance of equipment.
Direct Labor-Hours
The total hours worked by employees directly involved in the manufacturing process.
Standard Cost System
An accounting method that uses cost estimates to predict the cost of producing or acquiring goods.
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