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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.
Direct Materials
Raw materials that can be directly traced to and are integral to the finished product.
Raw Materials
Basic substances in their natural, modified, or semi-processed states used as inputs for production.
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