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If a job can only be performed by a person in a particular class, the requirement is considered:
Predetermined Overhead Rate
A calculated rate used in cost accounting to allocate overhead costs to products or services, based on estimated overhead costs and activity levels.
Direct Labour Hours
The total hours worked by employees who are directly involved in the production process of a company.
Underapplied Overhead
Occurs when the allocated manufacturing overhead costs are less than the actual overhead costs incurred.
Direct Labour Cost
The total cost of all the labor force that is directly involved in the manufacturing of a product or the provision of a service.
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