Examlex
Personal pension plans ________.
Overhead Applied
The allocation of estimated overhead costs to individual units of production, based on a predetermined rate.
Forming Department
A section in manufacturing where raw materials are shaped or formed into parts for further production processes.
Machine-Hours
The total hours that machinery is operated during the production process.
Predetermined Overhead Rate
A rate used to allocate manufacturing overhead to individual products or jobs, based on a predetermined formula, prior to actual production.
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