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Departmental Predetermined Rates
Rates used to allocate departmental overhead costs, established in advance based on expected costs and activity levels.
Machine-Hours
A measurement unit representing the operational time of a machine, typically used in manufacturing to allocate costs based on usage.
Selling Price
Selling Price is the amount a buyer pays to purchase an item or service from a seller.
Predetermined Overhead Rate
An estimated charge used to apply manufacturing overhead to individual products or job orders, calculated in advance of the period.
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