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Manufacturing Overhead
Any expenses related to the production process that are not direct materials or direct labor costs.
Direct Labor Hours
The total hours of work performed by employees directly involved in manufacturing goods or providing services.
Overhead Controllable Variance
The difference between the actual overhead incurred and the expected overhead based on a standard cost or budget, within management's control.
Actual Overhead Costs
The real costs incurred for overhead in a manufacturing or production process, as opposed to budgeted or estimated costs.
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