Predetermined manufacturing overhead rate
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Predetermined manufacturing overhead rate is the rate used to allocate manufacturing overhead to individual jobs; calculated before the year begins as follows: total estimated manufacturing overhead costs divided by total estimated amount of allocation base.
Definitions
According to Managerial Accounting by Braun, Tietz (5th edition),
- Predetermined manufacturing overhead rate. The rate used to allocate manufacturing overhead to individual jobs; calculated before the year begins as follows: total estimated manufacturing overhead costs divided by total estimated amount of allocation base.
