Examlex
Please define the following key terms.
-Oracle Bones
Actual Direct Labor Cost
The total expense incurred from the wages and associated benefits of workers directly involved in the manufacturing of a product.
Total Standard Cost
The total budgeted cost for manufacturing a product, based on standard prices and quantities for input.
Variable Manufacturing Overhead
Costs related to manufacturing that fluctuate with the level of production output.
Direct Labor-Hours
The entire sum of hours clocked by employees who are directly involved in product creation.
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