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Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead costs to individual units of production based on a certain activity base.
Variable Component
The part of a cost or expense that varies directly with the level of activity or production volume, in contrast to fixed costs.
Electrical Motor
An electromechanical device that converts electrical energy into mechanical energy, commonly used in various appliances, machinery, and vehicles.
Labor-Hour
A unit of measure representing an hour of work performed by an employee.
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