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An illusion __________
Direct Materials
Raw materials that are directly used in the manufacturing of a product and are easily traceable to it.
Variable Manufacturing Overhead
Overhead costs that fluctuate with changes in production volume, such as utility expenses and machine maintenance.
Variable Overhead
Indirect production costs that change in relation to the level of production activity, such as utilities for a manufacturing facility.
Rate Variance
The difference between the actual rate and a predetermined or standard rate.
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