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Alec wants to train his dog Magnus to sit on command. To achieve this goal, Alec starts by giving Magnus a strip of bacon and saying "sit" every time Magnus sits. A day later, Alec gives Magnus a strip of bacon and a pat on the head and says "sit" every time Magnus sits. Magnus seems to learn to sit on command. However, after a few days of training, Alec notices that Magnus now salivates and wags his tail whenever he hears the word "sit."
-The fact that Magnus begins salivating and wagging his tail indicates that the word "sit" is a ________.
Rate Variance
The difference between the actual rate paid for inputs and the standard rate expected, often related to labor or manufacturing overhead.
Overhead Applied
The process of allocating overhead costs to specific cost objects, such as products or jobs, based on a predetermined rate or method.
Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead costs to products or job orders, calculated before the production period begins.
Predetermined Overhead Rate
A rate used to allocate manufacturing overhead costs to products or job orders, calculated by dividing estimated overhead costs by an allocation base, such as direct labor hours.
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