Examlex
In the accompanying figure, item 2 refers to a ____.
Actual Overhead
The real costs incurred in the running of a business, excluding direct labor and direct materials.
Direct Materials Costs
The expense of raw materials and components that are directly incorporated into a finished product.
Manufacturing Overhead Applied
The allocation of estimated manufacturing overhead to individual jobs or products based on a predetermined overhead rate.
Total Manufacturing Costs
Sum of all costs directly involved in the production of goods, including raw materials, direct labor, and manufacturing overhead.
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