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Elitist theorists argue that
Predetermined Overhead Rate
An estimated charge used to apply manufacturing indirect costs to individual products or job orders, based on a chosen activity base.
Direct Labor-Hours
A measure of the work time spent by employees directly involved in the production of goods or services.
Machine-Hours
A measurement of production output or activity based on the number of hours machines are operated in the manufacturing process.
Machining Department
A specific division within a manufacturing plant where machining, a process of shaping metal or other materials, is carried out.
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