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IDENTIFICATION
-Olmec
Departmental Overhead Rates
Different rates used to allocate overhead costs to products or job functions, based on department-specific activities.
Direct Labor Hours
The total hours worked by employees who are directly involved in the production process of goods or services.
PVC Fencing
A fencing material made from polyvinyl chloride, known for its durability, weather resistance, and low maintenance requirements.
Plantwide Overhead Rate
A unified rate employed across the entire manufacturing facility to allocate overhead expenses to products.