Examlex
In which of the following situations would OD techniques be the most helpful?
Direct Labour Hours
Direct Labour Hours represent the amount of time spent by workers directly involved in manufacturing a product or providing a service.
Variable Overhead
Indirect operating costs that change in proportion to the level of production or business activity.
Total Variable Overhead Variance
The difference between the actual variable overhead incurred and the standard variable overhead allocated for the output achieved.
Standard Costing System
An accounting method that applies estimated costs to product costs for the purposes of budgeting and inventory valuation.
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