Examlex
A dependent cell is a cell that supplies a value to the formula in the active cell,and a precedent cell is a cell whose value depends on the value in the active cell for its result.
Plantwide Overhead Rate
A single overhead absorption rate calculated for an entire factory, used to allocate manufacturing overhead costs to products.
Direct Labor Hours
The hours worked by employees directly involved in the production of goods or services.
Allocation Base
A criterion or standard used to distribute costs among different cost objects, such as departments, products, or projects.
Overhead Costs
Expenses not directly attributed to the production of specific goods or services, such as rent, utilities, and office expenses.
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