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A change in price changes the quantity demanded and is represented by a movement along the demand curve.
Direct Labour Hours
The total hours worked by employees directly involved in the manufacturing process, affecting the overall production cost.
Actual Manufacturing Overhead
The total of all actual indirect costs incurred in the production process, not directly tied to a specific product.
Job-Order Cost Sheets
Documents that track the expenses associated with manufacturing a specific job, including materials, labor, and overhead.
Work in Process
Goods that are in the production process but have not yet been completed.
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