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Topical
Allocation
The process of assigning indirect costs to specific cost objects, such as products or departments.
Journal Entry
A record in accounting that logs a transaction and shows the affected accounts in debit and credit form.
Predetermined Overhead Rate
A rate used to allocate estimated manufacturing overhead costs to individual units of production, based on a particular activity base.
Direct Labor-Hours
The totality of hours devoted by workers directly engaged in the fabrication of products.
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