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The slope of a line equals the change in the variable measured along the
Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead to products based on a certain activity, like labor hours or machine hours.
Direct Labor-hours
The sum of working hours of employees directly engaged in producing goods.
Manufacturing Overhead
All indirect costs associated with the production process, such as utilities, maintenance, and management salaries, not directly tied to direct materials or direct labor.
Predetermined Overhead Rate
A rate used in cost accounting to allocate overhead costs based on an estimated activity level.
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