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A latent function of education is that it weakens parental control over children.
Activity Rates
Rates used in activity-based costing to allocate costs to products or services based on the activities they require.
Activity-Based Costing
A costing methodology that assigns overhead and indirect costs to related products and services based on their usage of resources.
Direct Labor-Hours
The total hours worked directly on the manufacturing of goods.
Direct Labor Rate
The average cost paid per hour of direct labor, typically used in calculating the direct labor costs of producing goods or services.
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