Examlex
What does JFC stand for?
Predetermined Overhead Rate
An estimated rate used to assign manufacturing overhead costs to products based on a specific activity base, like machine hours or labor hours.
Direct Labour-Hours
The total man-hours expended by workers directly involved in the manufacturing process.
Manufacturing Overhead
All indirect costs associated with manufacturing, such as indirect materials, indirect labor, and other factory-related expenses.
Job-Order Costing
A costing method used to determine the costs associated with manufacturing products individually or in batches, tracking the direct materials, direct labor, and manufacturing overhead per job.
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