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Fixed Manufacturing Overhead
The portion of manufacturing overhead costs that do not vary with the level of production.
Predetermined Overhead Rate
This rate is used to allocate manufacturing overhead to individual units produced, based on a predetermined formula.
Direct Labor Budget
Direct labor budget is a financial plan that estimates the cost of direct labor required to meet production goals, detailing the amount and cost of the labor necessary for a specific period.
Labor-Hours Per Unit
Labor-hours per unit measures the amount of labor time required to produce one unit of a product.
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