A measure of cost that consists of indirect materials, indirect labor costs and indirect expenses which are not directly identifiable...

A measure of cost that consists of indirect materials, indirect labor costs and indirect expenses which are not directly identifiable...

It stands for overheads absorption rate; a pre-determined rate that is set for the purpose of defining the absorption of...

A pre-determined rate that is set for the purpose of defining the absorption of production overheads into the cost of...