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Predetermined Overhead Rate
An estimated charge per unit of activity used to allocate manufacturing overhead costs to products.
Job-Order Costing
An accounting method used to track costs specifically associated with a given job or project.
Machine-Hours
A metric for the amount of time a machine is operated, used as a basis for allocating manufacturing overhead costs.
Manufacturing Overhead
All manufacturing costs that are not directly assignable to specific products, including indirect materials, labor, and other indirect costs.
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