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Predetermined Manufacturing Overhead
A calculation used to estimate the total manufacturing overhead costs for a certain period, often used for budgeting and cost management in production.
Machine-hours
A measure of the amount of time machines are utilized in the production process.
Overhead Applied
The process of allocating indirect costs to specific cost objects such as products or projects.
Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead costs to products, calculated at the beginning of an accounting period.
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