Examlex
A first number decreased by double the second number is 7. The sum of the first number and 3 times the second number is 32. Find the two numbers.
Plantwide Overhead Rate
A single overhead rate calculated for an entire manufacturing plant, used to allocate overhead costs to products.
Direct Labor Hours
The total hours worked by employees directly involved in the production process, used in calculating cost allocations and efficiency.
Allocation Base
A criterion or measure used for distributing or apportioning costs among various cost objects in a fair, equitable, and rational manner.
Plantwide Overhead Rate Method
A cost accounting method that applies a single overhead rate to all units produced across different departments or processes in a facility.
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