Examlex
A predetermined overhead allocation rate is used to allocate direct materials cost to various processes or departments.
Activity-Based Costing
A costing methodology that assigns overhead and indirect costs to specific products or projects based on their consumption of resources.
Direct Labor-Hours
The total hours worked directly on manufacturing a product or providing a service.
Direct Materials Cost
The cost of raw materials that can be directly attributed to the production of specific goods or services.
Activity-Based Costing
A costing method that assigns overhead and indirect costs to specific activities, providing a more accurate reflection of costs.
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