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Manufacturing Overhead
All indirect costs associated with manufacturing, including maintenance, utilities, and indirect labor.
Cost of Goods Sold
represents the direct costs attributable to the production of the goods sold by a company, including materials and labor.
Predetermined Overhead Rate
A rate used to allocate manufacturing overhead costs to products or job orders, calculated before the period begins based on estimated overhead costs and activity levels.
Cost of Goods
The total cost of manufacturing or acquiring a product or service that is sold to customers.
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