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Explain the difference between social structure and culture, making sure to define these terms in your answer. Then, apply these concepts to analyzing how race matters to social life.
Predetermined Overhead Rate
A rate calculated by dividing estimated overhead costs by an allocation base, used to allocate overhead costs to products or services.
Direct Labor-Hours
A measure of the total hours worked by employees directly involved in manufacturing a product or providing a service.
Manufacturing Overhead
Manufacturing overhead encompasses all production costs other than direct materials and direct labor, including expenses like factory equipment maintenance and utilities.
Direct Materials
Materials that are directly used in the production of a product and can be physically and easily traced to it.
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