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Under the equity method of accounting for investments in common stock, when a dividend is received from the investee company
Direct Labor Hours
The total hours worked by employees who directly participate in the production of goods detailed.
ABC
A costing method that identifies activities in an organization and assigns the cost of each activity to products or services according to the actual consumption.
Overhead Costing Systems
Methodologies used to allocate indirect costs (overhead) to products or services, which may vary depending on the costing approach (e.g., traditional costing or activity-based costing).
Overhead Allocation Base
A metric used to assign indirect costs to cost objects, often based on time, labor, or machine hours.
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