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Direct Labor Hours
The total hours worked by employees directly involved in manufacturing or producing a company's products.
Budgeted Overhead
Forecasted costs associated with running a company that are not directly tied to a specific product or service.
Actual Overhead
The actual amount of overhead costs incurred by a company during a specific period.
Predetermined Overhead Rate
A rate used to allocate manufacturing overhead costs to products by estimating overhead costs in advance.
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