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Why are systems development projects initiated? Provide an example.
Direct Labor-Hours
A measurement of the time workers spend directly manufacturing a product, often used to allocate manufacturing overhead.
Fixed Manufacturing Overhead Cost
Overhead costs related to manufacturing that remain constant regardless of the level of production, such as factory rent and salaries of supervisors.
Variable Manufacturing Overhead
Costs in manufacturing that change with the level of production output, like utilities or raw materials.
Direct Labor-Hours
The total hours worked by employees who are directly involved in the production of goods or services.
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