overhead rate
Definition
Actual (or budgeted) overhead cost for a given period divided by actual (or budgeted) measure of production activity (such as direct labor cost, labor hours, or machine hours). It expresses overhead costs in terms of a related-base for allocating them over a given period. Also called predetermined overhead rate when using budgeted costs.
Mentioned in these definitions
Popular 'Accounting & Auditing' Terms
overhead rate in the news
This content can be found on the following page:
http://www.businessdictionary.com/definition/overhead-rate.html







