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All planets have rings around their equators
Predetermined Rate
A rate calculated before the fiscal period begins, used to apply costs to production or operations, often based on labor hours or machine hours.
Predetermined Overhead Rate
A rate calculated at the beginning of the period, used to allocate overhead costs to products based on a specific activity base.
Machine Hours
Machine hours represent the total amount of time that machines are operating in a manufacturing or production process.
Direct Labour Hours
The total hours worked by employees directly involved in the production process, used to allocate labor costs to products or services.
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