Examlex
The total rate of return is equal to the
Manufacturing Overhead-Applied
The allocation of estimated manufacturing overhead costs to individual products or job orders based on a predetermined rate.
Direct Labor Hours
The sum of hours spent by workers directly partaking in the creation of goods or provision of services.
Predetermined Overhead Rate
A rate used to allocate manufacturing overhead costs to individual products or activities based on estimated costs and activity levels.
Manufacturing Overhead Cost
Indirect factory-related costs incurred when a product is manufactured, including the costs of utilities, maintenance, and property taxes.
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