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What did the experiences of late 1960s communes demonstrate?
Work In Process
Goods that are in various stages of the production process but are not yet completed products.
Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead to individual products or job orders based on a specific activity base.
Direct Labor-hours
The total number of work hours directly spent on manufacturing a product.
Materials Price Variance
The difference between the actual cost of materials purchased and the expected cost based on the standard price.
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