Examlex
When you click the Update Link command,any changes in the source file will display in the Word document.
Predetermined Overhead Rate
This rate is used to allocate manufacturing overhead costs to products or job orders based on a set formula, typically involving estimated costs and an allocation base like machine hours or labor hours.
Direct Labor-Hours
The total hours of work attributable directly to the production of goods, often used as a basis for assigning labor costs to units of product.
Predetermined Overhead Rate
A rate used to apply manufacturing overhead to products or job orders, calculated by dividing estimated overhead costs by an allocation base like direct labor hours.
Machine-Hours
The total hours that machines are operated in the production process, used as a basis for allocating manufacturing overhead to products.
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