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Overhead Cost Pool
A collection of indirect expenses grouped together to be allocated systematically to different departments, processes, or products.
Departmental Overhead Rate Method
A calculation used in cost accounting to allocate overhead expenses to specific departments based on their respective share of direct costs or activity levels.
Allocation Base
A criterion or measure, such as direct labor hours or machine hours, used for allocating costs among multiple cost objects.
Allocation Base
A criterion or standard used to allocate costs among different cost objects, like departments or products.
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