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Which of the following is an advantage of ideal standards?
Direct Labor Costs
Costs that can be directly attributed to the production of goods or services, including wages of workers physically making a product.
Hours Worked
The total number of hours that an employee has been present and active in carrying out their job duties within a specific period.
Job Order Costing System
An accounting method that tracks manufacturing costs individually for each job, suitable for customized orders or projects.
Actual Overhead Costs
The real costs incurred from overhead activities, as opposed to budgeted or estimated overhead costs, including utilities, rent, and insurance.
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