Given the following table, fill in the values for savings. The numbers in the table are in billions of dollars. Assume there are no taxes.
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Definitions:
Predetermined Overhead Rate
The rate calculated prior to the accounting period that is used to apply overhead costs to products or job orders, based on estimated costs and activity levels.
Machine-Hours
A measure of production time or activity, where one machine-hour represents the operation of a machine for one hour.
Direct Labor-Hours
The total hours worked by employees directly involved in the manufacturing process, used as a basis for applying labor costs to products.
Manufacturing Overhead
All indirect costs associated with manufacturing a product, such as the expenses for equipment maintenance and factory staff salaries, not directly tied to production volume.
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