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A three-term-contingency involves a relationship between , ,and .
Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead to individual units of production, based on a chosen activity base.
Manufacturing Overhead Cost
Every cost linked to the production process that is not direct materials or direct labor expenses.
Employee Time Ticket
A record that details the amount of time an employee spends on different tasks or projects, used for payroll or costing purposes.
Vacation Travel
encompasses both the planning and actual experience of personal travel for leisure or recreation purposes.
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