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Write the word or phrase that best completes each statement or answers the question.
Provide the missing information.
-The expression equals provided that ـــــــــــــــــ and ـــــــــــــــــ
Predetermined Overhead Rate
A rate calculated before the period begins, based on the estimated overhead costs and estimated activity base, used to allocate overhead costs to products.
Machine-Hours
An indicator of how much output is generated in manufacturing, determined by the total hours that machinery is in use.
Predetermined Overhead Rate
A rate calculated before the accounting period begins, based on the estimated overhead costs and estimated activity level, used to allocate overhead costs to products or services.
Labor-Hours
A measure of the work performed by employees, typically represented by the number of hours worked.
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