Examlex
The amount the government spends in excess of what it takes in each year is called the .
Direct Materials
Materials that can be directly linked to the production process and form a fundamental component of the final product.
Direct Labor-Hours
The cumulative hours that employees actively participating in manufacturing processes have worked.
Predetermined Overhead
An estimated rate used in manufacturing to allocate overhead costs to products or services based on a certain activity measure.
Predetermined Overhead
An estimated overhead cost determined before the period begins for the purpose of allocating overhead costs to products or services in a more consistent manner.
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