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The author of the Declaration of Independence was
Departmental Overhead Rate
A measure used to allocate overhead costs to individual departments based on certain criteria, like direct labor hours.
Cost Object
Any item for which cost is measured and assigned, such as products, services, or departments.
Plantwide Overhead Rate
A single overhead rate calculated for an entire manufacturing plant, used to allocate overhead costs to products.
Direct Labor Hours
The total hours worked by employees directly involved in the production process, used in calculating cost allocations and efficiency.
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