Examlex
Probiotics are:
Denominator Activity
The level of activity used to compute a predetermined overhead rate, representing the total amount of absorption base that is expected to be utilized.
Efficiency Variances
Refers to the differences between the actual and standard costs attributable to efficiency in using resources, often analyzed in labor and variable overhead.
Predetermined Overhead Rate
An estimated rate used to assign manufacturing overhead costs to individual units of production, based on a chosen activity base.
Denominator Level
In cost accounting, it refers to the standard quantity or activity used in calculating the predetermined overhead rate.
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