Examlex
In a holophrase,
Predetermined Overhead Rate
A rate used to allocate manufacturing overhead to products, calculated before the period begins based on estimated costs and activity levels.
Machine-Hours
The total hours that a machine is operational, used as a measure for allocating manufacturing overhead costs.
Plantwide Predetermined
A method that assigns overhead costs to products based on a single predetermined overhead rate for the entire factory or plant.
Manufacturing Overhead
Refers to all the indirect costs associated with the production process, excluding direct materials and direct labor costs.
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