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Department 2
A reference to a specific section, division, or unit within an organization, often used in context to differentiate between various parts of a business operation.
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.
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