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Refer to the information provided in Figure 1.2 below to answer the question(s) that follow. Figure 1.2
-If the slope of a straight line is -3. and if Y (the variable on the vertical axis) decreases by 6, then X (the variable on the horizontal axis) will
Direct Labor Hours
The time spent by workers directly involved in the production process of goods or services, often used to allocate labor costs to products.
Overapplied
A situation in cost accounting when the allocated or applied costs exceed the actual costs incurred.
Underapplied
In cost accounting, it refers to a situation where the allocated costs are less than the actual costs incurred.
Sales
Sales refer to the total amount of goods or services sold by a company, and is a primary source of revenue in a business's income statement.
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