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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.
Overhead Incurred
The actual indirect costs experienced by a company during production, including utilities, rent, and salaries of employees not directly involved in production.
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