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Rather than looking at what leaders are, such as resilient or determined, the behavioural approach sees leadership as a set of behaviours, and looks at what effective leaders do.
Overhead Applied
The allocated manufacturing overhead costs to individual products or jobs based on a predetermined rate.
Predetermined Overhead Rate
A rate calculated before the year begins, used to allocate estimated overhead costs to products based on a chosen activity base.
Machine-Hours
The total number of hours that a machine is in operation, used as a basis for allocating manufacturing overhead costs related to machinery.
Job-Order Costing
A cost accounting system that accumulates costs for each distinct job or batch, used in situations where products or services are distinctly customizable.
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