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Plantwide Factory Overhead Rates
A single overhead rate calculated by dividing total factory overhead costs by a base, applied uniformly across all products regardless of department.
Plantwide Factory Overhead Rate
A single rate used to allocate all of a factory's indirect costs to its production activities, typically based on machine hours or labor hours.
Product Costs
Costs that are directly attributed to the creation of a product, including direct labor, direct materials, and manufacturing overhead.
Production Departments
Specific areas or units within a manufacturing facility where the actual production or assembly of goods takes place.
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