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Estimated Total Factory Overhead Costs
The projected total of all indirect expenses related to the production process, including indirect labor, materials, and other overhead costs.
Estimated Activity Base
A projected measure of activity, such as labor hours or machine hours, used for allocating overhead costs in budgeting and costing.
Predetermined Overhead Rate
A rate calculated at the beginning of a period, used to allocate estimated overhead costs to products or services.
Direct Labor Dollars
The total cost of labor that can be directly attributed to the production of goods or services.
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