Standard predetermined overhead rate
Standard predetermined overhead rate is an overhead rate determined by dividing budgeted overhead costs by an expected standard activity index.
Category: Accounting & Auditing
Previous: ← Direct labor quantity standard
More from this Section
- Economic entity assumption
Economic entity assumption is an assumption that requires that the activities of the entity ... - Direct and indirect fixed costs
A profit center may have both direct and indirect fixed costs. Direct fixed costs relate ... - Market interest rate
... - Book value per share
Book value per share represents the equity a common stockholder has in the net assets ... - Public accounting
Public accounting is an area of accounting in which the accountant offers expert service ...