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Fossilized stromatolites
Standard Labor-Hours
The predetermined amount of labor-hours expected to be required to produce a unit of product or perform a task.
Actual Output
The real production volume or amount of work done, as opposed to planned or theoretical outputs.
Manufacturing Overhead
Costs that are incurred in the manufacturing process other than direct materials and direct labor, such as utilities, depreciation, and maintenance of equipment.
Denominator Activity Levels
Denominator activity levels refer to the levels of activity used to allocate fixed costs to products or services under activity-based costing or other costing methodologies.
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