Examlex
If you shine a bright light directly into a person's eye, the pupil of the eye will reflexively constrict. Using Pavlov's terminology, the bright light would be termed the _____, and the pupil constricting would be termed the _____.
Predetermined Overhead Rate
A rate used to allocate overhead costs to products or services, calculated before the actual costs are known, based on estimated costs.
Overhead Rate
A measure used to allocate overhead costs to products or services, often calculated by dividing total overheads by a base measure such as labor hours or machine hours.
Estimated Labor-Hours
The projected number of labor hours required to complete a batch of goods or provide a service.
Predetermined Overhead Rate
A rate used to allocate estimated overhead costs to products or job orders, based on a planned level of activity or driver.
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