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Manufacturing Overhead-Applied
The allocation of manufacturing overhead costs to specific products or job orders based on a predetermined overhead rate.
Annual Overhead
The total expenses incurred by a business to operate over the course of a year, excluding direct labor and materials costs.
Direct Labor Hours
Direct labor hours are the total hours worked by employees directly involved in the production of goods or services.
Overhead Rate
The rate at which indirect costs are allocated to produced goods or services.
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