Examlex
Random variables are under the control of the decision maker.
Direct Materials
The raw materials that are directly traceable to the production of a specific product and constitute a significant portion of the product's direct costs.
Direct Labor-Hours
The total hours worked by employees directly involved in manufacturing products or delivering services.
Variable Overhead
Costs of production that fluctuate with the level of output, such as utility expenses for machinery, which increase with more extensive production.
Direct Materials
Direct materials are raw materials that are directly traceable to the manufacturing of a product and constitute a significant portion of the product's cost.
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