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According to Rousseau, a social contract requires each citizen to surrender all of his rights to society.
Overhead Cost
Overhead cost refers to ongoing business expenses not directly linked to creating a product or service, such as rent, utilities, and administrative costs.
Actual Overhead
The total real costs incurred for indirect materials, labor, and other expenses to operate a business, not directly tied to specific products or services.
Overhead Applied
Overhead applied is the portion of manufacturing overhead costs assigned to individual units of production based on a predetermined overhead rate.
Predetermined Overhead Rate
A rate calculated before a period begins, used to allocate manufacturing overhead costs to products based on a particular activity base.
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