Examlex
Classify the following: "The Ojibwa are a tribe of Algonquian Indians of the Lake Superior region."
Allocation Base
A measure or statistics used to determine how to distribute indirect costs to various cost objects in a way that is equitable and rational.
Overhead Costs
Indirect expenses related to the general operation of a business, such as administrative salaries, rent, and utilities, that cannot be directly attributed to a specific product or service.
Plantwide Overhead Rate
A single overhead rate calculated for an entire manufacturing plant, used to allocate overhead costs to multiple production departments or products.
Machine Hours
A measurement representing the operational running time of machinery, used in allocating manufacturing overhead costs based on usage.
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