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What Is a Central Repository for Data from Various Functional

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What is a central repository for data from various functional areas of the organization from which these data can be shared by all of the organization's departments?


Definitions:

Overhead Resources

Resources used in the day-to-day operations of a business that are not directly tied to a specific product or service, such as utilities and rent.

Plantwide Overhead Rate

An overhead rate applied uniformly across an entire plant or company, calculated without regard to individual departments or products.

Manufacturing Overhead Cost Driver

A factor that causes the cost of manufacturing overhead to change, such as machine hours or labor hours.

Predetermined Overhead Rate

A rate used to apply manufacturing overhead costs to products, calculated before the period begins based on estimated costs and activity levels.

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