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The Administrative Procedure Act Imposes Controls on Agencies by Requiring

question 31

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The Administrative Procedure Act imposes controls on agencies by requiring basic fairness in areas not regulated by the enabling legislation.This method of reining in powerful agencies is a form of


Definitions:

Predetermined Overhead Rate

An upfront calculated rate for assigning manufacturing overhead costs to products or job orders, based on estimated expenses and levels of activity.

Direct Labor-Hours

Combined working hours of staff directly participating in the manufacturing of products or provision of services.

Job-Order Costing System

An accounting system that tracks costs individually for each job, suitable for companies producing unique products or services.

Activity-Based Costing

A costing technique that determines the cost of a product based on the activities involved in its production and the extent to which the product uses those activities.

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