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Weber suggested that the three sources of legitimacy are tradition, charisma, and legality.
Predetermined Overhead Rate
A rate based on the relationship between estimated annual overhead costs and expected annual operating activity, expressed in terms of a common activity base.
Direct Labor Hours
The total hours worked by employees directly involved in the production of goods or services, used for cost allocation and operational planning.
Standard
A level of quality or achievement, especially one that is used as a point of reference.
Budget
An estimation of revenue and expenses over a specified future period of time, used by organizations for planning and controlling their financial resources.
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