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Canadian commercial banks maintain their reserves in the form of
Variable Manufacturing Overhead
Costs incurred during the production process that vary with the level of production, such as utilities for the manufacturing plant.
Direct Labor-Hours
A measure of the labor time directly involved in the production of goods or services, typically used as a basis for allocating manufacturing overhead costs.
Predetermined Overhead Rate
An estimated rate used to assign manufacturing overhead costs to products based on a certain activity (e.g., machine hours).
Variable Manufacturing Overhead
Costs of manufacturing that fluctuate with the level of production output, such as utility costs directly tied to machine operation.
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