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According to your text, 'Land Grant Schools' (prior to the 1970's) :
Overhead Costs
Expenses not directly tied to production but necessary for running the business, such as rent, utilities, and insurance.
Manufacturing Activities
Operations involved in the production of goods, including assembling raw materials, machining, and finishing products.
Manufacturing Overhead Costs
Indirect costs related to manufacturing that are not directly tied to specific products, such as maintenance, utilities, and management salaries.
Overhead Application
The process of assigning overhead costs to specific cost objects such as products or departments.
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