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Unformatted text preview: the denominator level and are measured in direct labor costs, hours, machine hours, or production units. Our textbook points out an obvious point, that the equation above is based on estimates since it is a predetermined value. Source: http://www.allbusiness.com/glossaries/predetermined-overhead-rate/4945636-1.html...
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This note was uploaded on 03/26/2012 for the course AC505 AC505 taught by Professor Dillan during the Spring '10 term at Keller Graduate School of Management.
- Spring '10