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Departmental Overhead Rates
Specific rates used to allocate overhead costs to different departments within a company based on varying criteria.
Machine Hours
represent a measure of the amount of time a machine is in operation, used in costing to allocate expenses based on the use of machinery.
Departmental Overhead Rate
A method to allocate overhead costs to specific departments based on certain criteria, such as machine hours or labor costs.
Direct Labor Hours
The total hours worked by employees directly involved in producing goods or services.
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