Jefferson's Cleaners
-Using the above table, when Jefferson's Cleaners hires three workers
Definitions:
Standard Costing
An accounting method that applies estimated costs to product costs for budgeting purposes and cost control.
Flexible Budget
A budget that adapts or changes based on the fluctuations in a business's activity or volume level.
Variable Overhead
Costs that fluctuate with production volume, such as utilities or materials used in production.
Direct Labour Hours
are the hours worked by employees directly involved in the production of goods and services.
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