Please Define the Following Key Terms

question 4

Short Answer

Please define the following key terms.
-Bulgars

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Definitions:

Predetermined Rate

A rate established before the start of a period for the purpose of applying overhead costs to products or services, based on estimated costs.

Direct Labor Hours

The total time workers spend producing goods or providing services that are directly associated with the production costs.

Manufacturing Overhead-Control

An account that records the actual overhead costs incurred in the manufacturing process, differing from allocated overhead.

Factory Supplies Inventory

Items stored by a manufacturing company that are necessary for the maintenance of machinery and the manufacturing process but are not part of the finished goods.