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Actual Costs
The true, realized expenses incurred during the production or delivery of goods and services.
Budgeted Costs
Estimated expenses planned in advance for a certain period, serving as a financial guideline.
Departmental Overhead Rates
Rates used to allocate indirect costs to products or services based on the specific department where the costs are incurred.
Plantwide Rate
A single overhead absorption rate used throughout an entire plant or facility, applying the same rate to all cost objects regardless of the department in which they were created.
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