Examlex
As with any IT project,management needs to be able to justify the development and use of a corporate portal by comparing its cost with its benefits.The challenge is that despite the tangible benefits from investment in portal technology,such as include increased revenues and customer loyalty,most of the benefits of portals are intangible.
Allocation Factor
A criterion or formula used to distribute costs or revenues among various departments, products, or projects based on relevant measures such as time, usage, or volume.
Direct Labor Hours
The total hours worked by employees directly involved in the production process, used as a measure for allocating labor costs to products or services.
Factory Overhead
All indirect costs associated with the production process, such as utilities, maintenance, and salaries for managers.
Overapplied Overhead
A situation where the allocated manufacturing overhead costs are more than the actual overhead costs incurred.
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