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Match Each Term with the Correct Statement Below

question 31

Multiple Choice

Match each term with the correct statement below.
-resources are made available through a third-party outsourcer,but
are accessible only to users within a specific organization.


Definitions:

Standard Costs

Predetermined costs to manufacture a single unit or a number of units of a product during a specific period.

Direct Materials Used

Raw materials directly utilized in the production of goods, traceable to the finished product.

Units Completed

The total number of finished goods produced within a specific accounting period.

Standard Overhead Cost

The pre-determined or estimated cost of indirect expenses that a company expects to incur during a specific period.

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