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What can you do to make sure you are not contributing to software piracy?
Direct Labor Hour
Direct labor hour refers to the time spent by workers directly involved in the production of goods or services.
Overhead Applied
A portion of overhead costs assigned to a particular cost object based on a predetermined rate.
Direct Labor Efficiency Variance
The difference between the budgeted amount of direct labor required to produce an output and the actual direct labor used.
Favorable
A term used in budgeting and finance to indicate results that are better than expected, such as lower costs or higher revenues.
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