IDENTIFICATION -Haydée Santamaría

question 17

Short Answer

IDENTIFICATION
-Haydée Santamaría

---

Definitions:

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual units of production.

Job Order Cost Information

Details about the costs incurred for specific jobs or orders, including materials, labor, and overhead, used in job-order costing systems.

Actual Cost

The actual expense incurred in the production of goods or services, including all costs of raw materials, labor, and overhead.

Expected Costs

Estimated costs based on historical data, forecasts, or industry averages, used for budgeting and planning purposes.