Examlex
The power to confirm the appointment of all principal executive officers makes the Speaker of the House the true chief executive officer (CEO) of the United States.
Estimated Activity
The projected level of activity used to allocate overhead costs, often based on metrics such as machine hours or labor hours.
Predetermined Overhead Rate
A rate calculated before a period begins, used to allocate manufacturing overhead to products based on a relevant activity base.
Direct Labor-Hours
The total hours worked by employees directly involved in the production of goods.
Manufacturing Overhead
The indirect factory-related costs that are incurred when a product is manufactured, including costs such as maintenance, utilities, and equipment depreciation.
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