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The Marxist-Leninist model of economic development still constitutes a dominant development philosophy in some developing countries.
Overhead Applied
The allocation of indirect costs to specific products or cost objects based on predetermined overhead rates.
Customizing Department
A department within a manufacturing or service firm dedicated to modifying products or services according to customer specifications.
Job T898
A specific reference or identifier for a job or order within a job-order costing system, used for tracking costs and production progress.
Predetermined Overhead Rate
A rate calculated before a production period that estimates the amount of manufacturing overhead cost per unit of allocation base, used to apply overhead costs to goods produced.
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