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_____ is the management of production standards through statistical interpretation of random product measurements.
Variable Overhead Rate
The rate at which variable overhead costs are applied to the production process, typically based on a cost driver.
Fixed Manufacturing Overhead
Regular, consistent expenses involved in the operation of a factory that production levels do not affect, such as rent, property taxes, and salaries.
Direct Labor Budget
An estimation of the total direct labor cost for a future period, including hours and rates for labor required in production.
Direct Labor-Hours
The total hours worked by employees directly involved in the manufacturing process of products.
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