Examlex
How are profitability ratios used by different stakeholders? List one profitability ratio.
Markup
The surcharge applied to the original cost of items to compensate for overhead expenses and secure earnings.
Plantwide Predetermined Rate
A single overhead rate calculated using the total estimated overhead costs divided by an estimated allocation base for an entire factory or plant.
Machine-Hours
A measure of the time that a machine is in operation, used in costing and operational analysis.
Departmental Predetermined Rates
Overhead allocation rates set in advance for specific departments to allocate indirect costs more accurately.
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