Examlex
Match each word part meaning with its correct word part.
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Total Job Cost
The complete cost of a specific job or project, including materials, labor, and overhead.
Predetermined Manufacturing Overhead Rate
An estimated rate used to assign manufacturing overhead costs to products or job orders, calculated before the periods begins based on expected annual overhead costs and activity levels.
Manufacturing Overhead
All indirect manufacturing costs, including costs related to running the production facility but not directly linked to individual products.
Machine-Hours
A measure of the amount of time machines are used in the production process, often utilized as an allocation base for applying overhead costs to products.
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