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Cox & Snell R Square and Nagelkerke R Square are essentially estimates of R² indicating the proportion of variability in the DV that may be accounted for by all predictor variables included in the equation.
Predetermined Overhead Rate
A rate determined prior to the start of a period, designed for assigning anticipated overhead expenses to products or job orders, utilizing a selected activity basis for calculation.
Manufacturing Overhead
Costs in the manufacturing process that are not direct labor or materials.
Direct Labor-Hours
A measure of the labor directly involved in manufacturing a product, expressed in hours.
Predetermined Overhead Rate
A pre-determined rate for distributing overhead expenses to products or job orders, calculated prior to the beginning of the period using projected costs and estimated levels of activity.