Volumetric fog shader variants are missing from build when "Strict Shader Variant Matching" is disabled

Reproduction steps:
1. Open the attached “IN-104980.zip” project
2. Open the “FogBuildTest” Scene (Assets > Scenes)
3. Enter Play mode
4. Observe the capsules far at the end (occluded by fog)
5. Exit Play mode
6. "Build and Run" the “FogBuildTest” Scene
7. Observe the Player

Expected result: The capsules far at the end are occluded by fog, like in the Editor
Actual result: The capsules far at the end are not occluded by fog and are visible

Reproducible with: 2022.3.63f1, 6000.0.51f1, 6000.1.8f1, 6000.2.0b5, 6000.3.0a1
Couldn’t test with: 2022.1.0a1, 2022.2.0f1 (Couldn’t downgrade)

Reproducible on: macOS 14.5 (M1 Ultra) (user reported), Windows 11
Not reproducible on: No other environment tested

Notes:

• Does not reproduce when the "Strict shader variant matching" option is enabled in Edit > Project Settings > Player> Other Settings
• The behavior of the "Strict Shader Variant Matching" option is counter-intuitive in this case. Disabling the option causes required shader variants to be stripped from the build, while enabling it correctly includes them. This is contrary to the expectation that enabling the option would be more restrictive