Examlex
If a valuation allowance is decreased (released) in the current year, the corporation's effective tax rate is lower than if the valuation allowance had not decreased.
Manufacturing Overhead
All manufacturing costs that are not directly related to the production of goods, such as the cost of maintenance, heat, and light of the production facility.
Plantwide Predetermined Rate
A single overhead rate calculated by dividing total estimated manufacturing overhead costs by the total estimated amount of the allocation base, applied throughout an entire plant or facility.
Machine-Hours
The total number of hours that machinery is in operation, used as a basis for allocating manufacturing overhead costs in a production environment.
Predetermined Overhead Rate
An estimated rate used to assign manufacturing overhead costs to individual units of production, based on a chosen activity base.
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