Examlex
Bar charts are graphs with horizontal or vertical bars representing values.
Traditional Costing Method
An accounting method that assigns indirect costs to products based on a predetermined overhead rate, often not reflecting the actual consumption of resources by each product.
Direct Labor-Hours
The total number of hours worked directly on the production of goods.
Overhead Assigned
The process of allocating manufacturing overhead costs to specific products or cost objects based on a predetermined rate or method.
Overhead Applied
The assigning of overhead costs to goods produced based on a predetermined rate or basis such as machine hours or labor hours.
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