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Last updated 3:11 AM on 6/8/26
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6 Terms

1
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Overhead Rate

Total Overhead / Direct Labor

2
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Activity Rate

Total Cost Pool / Total Activity

Example: machine cost ÷ machine hours

3
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ALLOCATED OVERHEAD

Rate × Usage

Examples:

  • overhead rate × labor

  • machine rate × machine hours

  • activity rate × product usage

4
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TOTAL PRODUCT COST

Total Cost = DM + DL + OH

Relevant Costs = Material + Direct Labor + Adjusted Variable Overhead Costs (exclude sunk costs)

5
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PROFIT

Selling Price − Total Cost

6
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MARGIN %

(Profit / Selling Price) * 100