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Ruby and Python are pure,native object-oriented languages.
Allocation Factor
A criterion or formula used to distribute costs or revenues among various departments, products, or projects based on relevant measures such as time, usage, or volume.
Direct Labor Hours
The total hours worked by employees directly involved in the production process, used as a measure for allocating labor costs to products or services.
Factory Overhead
All indirect costs associated with the production process, such as utilities, maintenance, and salaries for managers.
Overapplied Overhead
A situation where the allocated manufacturing overhead costs are more than the actual overhead costs incurred.
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