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Moving Average Basis
Moving average basis is a method for evaluating or forecasting trends by averaging data points within a specific period to smooth out short-term fluctuations.
Actual Overhead Costs
The real, incurred expenses related to the indirect costs of operating a business, such as utilities, rent, and administrative expenses.
Overhead Application Rate
The rate used to allocate indirect costs to products or services based on a predetermined formula, such as labor hours or machine hours.
Budgeted Overhead
An estimate of the total indirect costs that are expected to be incurred during a specified period in the production process.
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