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Like ethnicity and language,religion also is
Overhead Rate
The ratio used to allocate indirect costs to products or activities, often based on labor hours, machine hours, or material costs, facilitating overhead application.
Actual Costs
The genuine costs incurred for materials, labor, and overhead in the production process or in providing a service.
Fixed Manufacturing Overhead
Costs that remain constant in total regardless of the level of production, such as salaries and rent for factory buildings.
Predetermined Overhead Rate
A rate used to apply manufacturing overhead to products or services, calculated before the accounting period begins based on estimated costs.
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