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Estimated Total Overhead
The anticipated amount of all overhead expenses for a specific period, used for budgeting and costing purposes.
Machining Department
A specific division within a manufacturing facility where machinery is used to process materials into finished products.
Manufacturing Overhead
All indirect costs associated with the production process of a company, such as utilities, depreciation, and salaries for management.
Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead costs to products based on a particular activity base, such as labor hours or machine hours.
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