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Which of the following is not a step in the production process?
Vocational School
An educational institution that provides practical and skills-based training for specific careers or trades.
Budgets
Financial plans outlining expected revenues and expenditures for a specific period.
Activity Variances
Differences between planned activity costs and the actual costs incurred for those activities.
Cost Drivers
Factors that cause the cost of an activity or operation to increase or decrease, such as machine hours, labor hours, or the volume of production.
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