Examlex
Match the descriptions with the corresponding terms.
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Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead costs to products, based on a planned level of activity or volume.
Direct Labor-Hours
The total hours of labor directly involved in manufacturing a product or providing a service.
Adjusted Cost of Goods Sold
The cost of goods sold metric that has been modified for adjustments such as stock variations, returns, or discrepancies.
Standard Cost Variances
The differences between the actual costs incurred and the standard costs previously set for materials, labor, and overhead in manufacturing.
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