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Predetermined Manufacturing Overhead
The estimated cost of manufacturing overhead assigned to each unit of production, based on a predetermined rate.
Machine-hours
A measure of the amount of time a machine is used for production, often used in allocating manufacturing overhead based on usage.
Markup
The amount added to the cost price of goods, to cover overhead and profit, determining the selling price.
Overhead Applied
The allocation of overhead costs to specific jobs or activities based on a predetermined rate.
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