Examlex
A company can use the balanced scorecard to generate a set of initiatives to achieve its objectives.
Overhead Costing Accuracy
The degree to which allocated overhead costs accurately represent the actual expenses incurred by the production process or specific products.
Plantwide Overhead Rate
An overhead allocation rate used throughout an entire plant or company to allocate indirect costs to products.
Overhead Allocation Base
A measure used to distribute overhead costs among various products or service units within a business.
Machine Hours
A measure of the amount of time machines are operated in the production process, commonly used as an allocation base for assigning overhead costs.
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