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It is illegal to use computer monitoring software on your own computer or on the computers of your employees. _________________________
Absorption Costing
A method of accounting that encompasses all costs associated with manufacturing, including direct materials, direct labor, as well as both variable and fixed overhead expenses, as part of a product's cost.
Fixed Costs
Regularly occurring costs that remain constant in total, irrespective of changes in operational levels or volume of output.
Variable Costs
Costs that change in direct proportion with the level of output or activity of a business.
Underapplied Overhead
occurs when the allocated manufacturing overhead cost is less than the actual overhead incurred, leading to a discrepancy.
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