Examlex
What term is used to describe the amount and number of raw materials,parts,and finished products that a company has in its possession?
Overhead Allocations
The process of distributing indirect costs across various products, services, or departments within a business.
Allocation Base
A criterion or standard used to distribute indirect costs to various cost objects, such as products, services, or departments.
Plantwide Overhead Rate
A single overhead rate applied uniformly to all cost objects throughout an entire plant or facility.
GAAP
Generally Accepted Accounting Principles; a collection of commonly-followed accounting rules and standards for financial reporting.
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