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Overhead Applied
The amount of overhead cost assigned to a particular cost object based on a predetermined rate, formula, or method.
Milling Department
A specific department within a manufacturing facility where milling processes, involving the removal of material to shape parts, occur.
Customizing Department
A specialized department within an organization that tailors products or services to meet specific customer requirements.
Predetermined Overhead Rate
A rate calculated before a period begins, used to allocate overhead costs to products based on a certain basis such as labor hours or machine hours.
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