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A rocket can never go faster than the speed of its exhaust.
Variable Manufacturing Overhead
Costs associated with manufacturing that vary directly with the levels of production output, such as raw materials and labor.
Overhead Applied
The allocated manufacturing overhead costs to individual products or jobs based on a predetermined rate.
Predetermined Overhead Rate
A rate calculated before the year begins, used to allocate estimated overhead costs to products based on a chosen activity base.
Machine-Hours
The total number of hours that a machine is in operation, used as a basis for allocating manufacturing overhead costs related to machinery.
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