Common in the manufacturing industry, the predetermined overhead rate for machine hours is a production overhead cost. The rate is used to identify the expected costs of machine production, which ...

The rate calculation has not changed much over the years. I remember the days when we estimated the cost of gasoline for the pony engine to the penny and used the crazy assumption that “repairs, ...

Overhead costs are ongoing expenses a business incurs to operate. Many expenses are considered overhead costs, including rent, utilities, depreciation and labor. An overhead rate, or predetermined ...