The-definition.com

Definition

Standard predetermined overhead rate

Standard predetermined overhead rate is an overhead rate determined by dividing budgeted overhead costs by an expected standard activity index.

Share it:  Cite

More from this Section

  • Taxation
    Taxation is an area of public accounting involving tax advice, tax planning, preparing ...
  • Ratio of net sales to net income
    Ratio of net sales to net income is a statement of the amount of sales a firm had to make ...
  • Land improvements
    Land improvements are structural additions made to land. Examples are drive ways, parking ...
  • Copyrights
    The federal government grants copyrights which give the owner the exclusive right to reproduce ...
  • Short-term investments
    Short-term investments (also called marketable securities) are securities held by a company ...