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Direct Labor Hours
The total hours of work directly contributed by employees towards the production of goods or services, which can directly be attributed to a specific product or service.
Allocated
Assigned or designated resources (such as costs or revenues) to a specific segment, project, or period.
Plantwide Factory Overhead Rate
A single overhead absorption rate used throughout a manufacturing facility to allocate indirect costs to products.
Overhead
Overhead refers to ongoing business expenses not directly attributed to the production of goods or services, such as rent, utilities, and administrative costs.
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