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Unit Product Cost
The total cost associated with manufacturing a single unit of product, including direct materials, labor, and overhead expenses.
Predetermined Overhead Rate
A rate used to apply overhead costs to products, calculated before the accounting period begins based on estimated costs and activity levels.
Manufacturing Overhead
refers to all the indirect costs associated with the production process, excluding direct materials and direct labor.
Direct Labor-Hours
The total time worked by employees directly involved in manufacturing a product or providing a service.
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