Examlex
The sequencer shown advances its position whenever:
Predetermined Overhead Rate
An estimated charge per unit of activity used to allocate manufacturing overhead costs to products or job orders, calculated before the period begins based on expected costs and activity levels.
Machine-Hours
A measure of the amount of time a machine is operated in the production process, used as a basis for allocating manufacturing overhead.
Markup
The sum added onto the purchase price of merchandise to cover both overhead expenses and profit, ultimately setting the retail price.
Predetermined Overhead Rate
A calculated rate used to assign overhead costs to products or services, based on estimated costs and activity levels.
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