Total manufacturing costs

Total manufacturing costs refer to the sum of direct materials, direct labor, and manufacturing overhead incurred in the current period.

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Related Definitions

Direct labor variance or total labor variance
The direct labor variance or total labor variance is the...
Total labor variance
Total labor variance is the difference between actual hors times...
Total materials variance
Total materials variance is the difference between the actual quantity...
Total overhead variance
Total overhead variance refers to the difference between actual overhead...
The standard manufacturing rate
The Standard manufacturing overhead rate per unit is the predetermined...

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