Examlex
Which of the following has been used to explain the word-superiority effect?
Predetermined Overhead Rate
A rate used to allocate manufacturing overhead to individual units of production, based on estimated costs.
MH
Often used as an abbreviation for "machine hours," representing the amount of time machines are operated in the production process.
Variable Overhead Rate Variance
The difference between actual variable overhead incurred and the standard cost allocated based on activity level.
Variable Overhead Rate Variance
The difference between actual variable overhead costs incurred and the standard variable overhead costs expected for the actual production level.
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