Examlex
A property distribution from a partnership to a partner is generally taxable to the partner.
Plantwide Predetermined
A method that assigns overhead costs to products based on a single predetermined overhead rate for the entire factory or plant.
Manufacturing Overhead
Refers to all the indirect costs associated with the production process, excluding direct materials and direct labor costs.
Machine-Hours
A unit of measure reflecting the amount of time a machine is operated.
Plantwide Predetermined
The determination of a single overhead rate that is applied throughout an entire plant or facility, irrespective of individual processes.
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