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Deflation is
Variable Overhead Rate
The rate at which variable overhead costs are allocated to products, based on an activity such as labor hours or machine hours.
Direct Labor-Hours
The total hours worked by employees directly involved in the manufacturing process.
Fixed Manufacturing Overhead
The costs associated with manufacturing that do not vary with the level of production output, including rent of the facility and salaries of the staff.
Variable Selling
Costs that vary directly with the level of sales activity, such as commissions or shipping charges.
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