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To be considered a legitimate internship by the NACE definition, several criteria must be met.Which of the following is NOT one of those criteria?
Predetermined Overhead Rate
A rate calculated before the period begins, used to allocate overhead costs to products or services based on a certain activity base.
Labor-Hours
Labor-Hours measure the total hours worked by employees, typically within a specified period for payroll or productivity analysis.
Manufacturing Overhead
All indirect costs associated with manufacturing, such as utilities, rent of the production facility, and maintenance.
Departmental Predetermined
A rate or value established in advance for departments within a business, often used for budgeting, costing, or allocation purposes.
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