Examlex
For Berkeley, both primary and secondary qualities are
Unit Product Cost
The cumulative expense of manufacturing a single product unit, encompassing direct materials, direct labor, and overhead costs related to production.
Predetermined Overhead Rate
A rate used to allocate overhead costs to products or services, calculated before the actual costs are known, based on estimated costs.
Overhead Rate
A measure used to allocate overhead costs to products or services, often calculated by dividing total overheads by a base measure such as labor hours or machine hours.
Estimated Labor-Hours
The projected number of labor hours required to complete a batch of goods or provide a service.
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