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Jacinta is playing a game on her cell phone where she has to identify words from a list of six letters. On level 49, she has found all but one word and she simply cannot see what she is missing. She puts the phone down, and three hours later picks it up and immediately sees that she missed the word "portal." The time away from the problem that allowed her to come up with the answer was called
Predetermined Overhead Rate
A rate established in advance to allocate overhead costs to products or job orders, based on an expected activity level.
Machine-Hours
A measure of the amount of time machines are run, often used as a base for allocating factory overhead.
Total Job Cost
The cumulative cost of materials, labor, and overhead for a specific job or project.
Job-Order Costing
A cost accounting system that assigns manufacturing costs to an individual product or batch of products, making it possible to track the cost of specific jobs.
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