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Refer to the table below to answer the following questions.
Table 7.1.1
-Refer to Table 7.1.1.Private saving is
Designer Hours
The amount of time spent by designers on a project, often considered for billing or costing purposes.
Staff Hours
Staff hours refer to the total number of hours worked by employees over a specific period.
Predetermined Overhead Rate
A rate used to allocate manufacturing overhead costs to products based on a predetermined formula, typically involving estimated costs and activity levels.
Job Cost Sheet
A job cost sheet is a document or record that collects and summarizes the costs associated with a specific job or project, tracking materials, labor, and overhead.
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