Examlex
Which of the following would strongly support a systematic approach to assessing and controlling associated costs,regardless of the type of professional service relationship a given business may maintain?
Overhead Applied
Refers to the allocation of indirect costs to specific cost objects, such as products or services, based on a predetermined rate or basis.
Direct Labor-Hours
The total hours of labor directly involved in the manufacturing process, used as a basis for allocating manufacturing overhead to products.
Departmental Predetermined Overhead Rates
The estimated overhead rates assigned to different departments within a company, used for more accurate product costing.
Markup
The amount added to the cost price of goods to cover overhead and profit; a percentage of the cost.
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