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Plantwide Overhead Rate
This is a single overhead rate calculated by dividing all of a plant's manufacturing overhead costs by its total activity base, such as labor hours or machine hours, used across the entire factory.
Direct Labor-Hour
A unit of measure representing the labor time expended by workers directly involved in the manufacturing process, often used in cost accounting.
Activity-Based Costing
is a costing methodology that assigns overhead and indirect costs to specific products or services based on their consumption of resources.
Activity-Based Costing
An accounting method that assigns costs to products based on the activities performed for the product, providing more accurate cost information.
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