Examlex
How are particles in the solar system classified by scientists?
Estimated Direct Labor
The forecasted amount of labor cost directly associated with the production of goods or services.
Predetermined Overhead Rate
A rate used to allocate indirect costs to different products or job orders based on a pre-established criterion, such as labor hours or machine hours.
Estimated Machine Hours
Estimated machine hours are an approximation of the operating hours of machinery within a specific time period, used in costing and budgeting processes to allocate overhead expenses based on machine usage.
Factory Overhead Account
An accounting category that accumulates all the indirect costs associated with manufacturing, excluding direct materials and direct labor.
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