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Construct a bar graph for the relative frequencies given.
Departmental Predetermined Overhead Rates
Rates calculated in advance for each department, used to assign overhead costs based on estimated activity levels.
Machine-Hours
A measure of the total time that machines are operating, often used as a basis for allocating manufacturing overhead costs.
Markup
The amount added to the cost price of goods to cover overhead and profit, resulting in the selling price.
Selling Price
The amount of money charged to the customer for a product or service, determined by adding a margin to the cost price.
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