Examlex
Strong encryption now requires ________-bit keys.
Direct Labor-Hours
The total hours worked by employees directly involved in the manufacturing process, often used as a basis for allocating manufacturing overhead costs.
Standard Cost System
A system of accounting that uses cost standards for costing materials, labor, and overhead.
Fixed Manufacturing Overhead Rate
This refers to the rate at which all fixed manufacturing costs are allocated across units produced, typically calculated at the beginning of a fiscal period.
Variances
The difference between planned or expected financial outcomes and the actual results.
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