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Direct Material Purchased
The raw materials acquired that are directly used in the manufacturing of a product.
Actual Overhead Cost
The real expenses incurred during production that are not directly tied to specific products, including electricity, rent, and managerial salaries.
Direct Labour-Hours
The total hours worked by employees that are directly involved in the manufacturing process of a product.
Overapplied Overhead
A condition where the overhead applied to products or services exceeds the actual overhead costs incurred.
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