Today,COGSA Allows Ocean Carriers to Put Clauses in Their Bills

question 63

True/False

Today,COGSA allows ocean carriers to put clauses in their bills of lading exonerating them from liability.

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Definitions:

Production Cost Pool

is a collection of direct and indirect manufacturing costs that are assigned to products based on specific allocation criteria.

Activity Rate

A measure used in activity-based costing to allocate overhead costs to products or services, based on specific activities or cost drivers.

Machine Hour

A measure of production time, used as a basis for allocating manufacturing overhead costs to products based on machine usage.

Factory Overhead Rates

A calculation used in manufacturing to allocate indirect costs, like utilities and salaries, to products.