Examlex
If more sugar cane is demanded for ethanol production, ceteris paribus, the price of sugar is expected to increase.
Overhead Assigned
The allocation of indirect costs to specific products or cost objects.
Traditional Costing
A costing methodology that allocates manufacturing overhead costs to products based on a predetermined rate, often volume-based such as labor hours or machine hours.
Direct Labor-Hours
An evaluation of the cumulative hours spent directly in the manufacturing of products.
Total Overhead Applied
The sum of all overhead costs that have been allocated to products or services based on a predetermined overhead rate.
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