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In the Manufacturing Sector, Aggregate Planning Links Strategic Goals to a Production

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In the manufacturing sector, aggregate planning links strategic goals to a production plant.

Determine the impact of actual direct labor hours and rates on standard costing.
Understand the concept of applying fixed and variable overhead based on standard activity bases.
Interpret the data to calculate standard hours allowed for production activities.
Understand the effect of actual input prices and quantities on inventory valuation in a standard costing system.

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