List at Least Three Non-Economic Factors (Attributes)that May Be Used

question 33

Essay

List at least three non-economic factors (attributes)that may be used as evaluation criteria in the decision-making process.

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Definitions:

Predetermined Overhead Rate

A calculated rate used to apply overhead costs to products or job orders, based on estimated costs and activity levels.

Predetermined Overhead Rates

Rates used to allocate manufacturing overhead costs to products, typically based on estimated costs and activity levels at the beginning of a period.

Direct Labor Cost

The total cost associated with employing workers who directly manufacture products or perform services, including wages and other benefits.

Overhead Applied

The process of allocating estimated overhead costs to individual products or job orders based on a predetermined rate or method.