Examlex
The federal Office of Personnel Management has published human capital standards that chart the connections between which of the following four elements?
Direct Labor-hour
The sum of hours clocked by workers directly engaged in the production process.
Predetermined Overhead Rate
A rate calculated before a period begins, used to allocate estimated overhead costs to specific activities based on a chosen base.
Predetermined Manufacturing Overhead
An estimated overhead rate calculated before the accounting period begins, used to allocate manufacturing overhead costs to products.
Machine-hours
A measure of production time, used in cost accounting, representing the hours that a machine operates.
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