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A user can produce two different reports from a single set of Microsoft Excel data, by importing this data into Microsoft Access and using the Access report generator.
Fixed Manufacturing Overhead
Costs associated with production that remain constant, regardless of the scale of production output, including salaries of managerial staff and depreciation of factory equipment.
Fixed Overhead Applied
The portion of the estimated fixed overhead costs charged to production over a specific period based on a predetermined rate.
Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead costs to products, based on a planned level of activity or volume.
Direct Labor-Hours
The total hours of labor directly involved in manufacturing a product or providing a service.
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