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From a legal perspective, the first step in ending slavery in New England resulted in:
Manufacturing Overhead
The indirect costs related to manufacturing that are not directly tied to a specific product, such as factory rent, maintenance, and utilities.
Job Cost Accuracy
The precision with which a company estimates and tracks the costs associated with specific jobs or projects.
Overhead Cost Driver
A factor that causes the cost of overheads to change, such as machine hours or labor hours.
Predetermined Overhead Rate
A rate estimated before a period begins, used to allocate overhead costs to products or job orders based on a chosen activity base.
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