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Describe the three components of expectancy theory and how they can be enhanced in a training context.
Goods Sold
The total quantity of products that have been sold to customers.
Adjusted Cost
The cost of an asset after accounting for adjustments such as depreciation, improvements, or damage.
Estimated Manufacturing Overhead
Projected costs that a company expects to incur for manufacturing overhead, excluding direct labor and materials.
Applied Overhead
The portion of overhead costs allocated to specific products or cost objects based on the predetermined overhead rate.
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