The Intangible Benefits of Work, Such as Satisfaction and Gratification

question 81

Short Answer

The intangible benefits of work, such as satisfaction and gratification, are called "_____ rewards."

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Definitions:

Plantwide Factory Overhead Rate

A single overhead absorption rate used across an entire manufacturing plant, calculated by dividing the total factory overhead by a predetermined base, such as total direct labor hours or machine hours.

Overhead Costs

Expenses not directly associated with production, including rent, utilities, and office expenses, that support the overall business operations.

Allocated

The process of assigning or distributing resources or expenses to various accounts or departments based on a predetermined criteria.

Factory Overhead Rate

A measure used to estimate the total cost of manufacturing overhead per unit produced, accounting for indirect costs not directly tied to production.