Examlex
Most of the economic development occurring in China today is found:
Overhead Cost
Expenses related to the operation of a business that cannot be directly tied to a specific product or service, including costs like rent, utilities, and administrative salaries.
Predetermined Overhead Rate
An estimated rate used to allocate overhead costs to products or services, based on a selected activity base such as machine-hours or labor-hours.
Machine-Hours
A measure of production time using machinery, often used as a basis for allocating manufacturing overhead costs.
Unused Capacity
The available but unutilized production capability of a firm which could generate revenue if employed.
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