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The main improvement in the 1908 Binet-Simon scale was the introduction of
Actual Overhead
The real, incurred overhead costs within a specific accounting period, as opposed to budgeted or standard overhead costs.
Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead to individual units of production, based on a chosen activity base.
Manufacturing Overhead Cost
Every cost linked to the production process that is not direct materials or direct labor expenses.
Employee Time Ticket
A record that details the amount of time an employee spends on different tasks or projects, used for payroll or costing purposes.
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