Overhead rate

Overhead rate

A percentage or fixed-dollar amount that allocates department or product overhead expenses to production on a labour hour, machine hour, labour dollar, material dollar or unit basis. Higher overhead rates indicate the grouping of a greater number of costs or pools on a general basis, and less identification of the direct drivers of those costs. (syn: burden rate)

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Part of Speech: noun
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Industry/Domain: Software
Category: Supply chain
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Related terms

overhead rate

Software; Supply chain

A percentage or fixed-dollar amount that allocates department or product overhead expenses to production on a labor hour, machine hour, labor dollar, material dollar or unit ...

departmental overhead rate

Accounting; General accounting

The method of evaluating the costs associated with maintaining a department. The rate takes into account for direct and indirect costs as well as the amount of time it takes to ...

rate

Science; General science

A quantity measured in relation to another quantity, usually a period of time, is termed as rate.

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Language; Public speaking

The speed at which a person speaks.

rate

Accounting; Auditing

1. Judge something with respect to its value, specially against a suitable scale. 2. Proportional or relative value. 3. Amount charged or paid.

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Psychology; Behavior analysis

1) The average frequency of behavior emitted during a standard unit of time. Formula. Number of responses divided by the number of time units. For example, if 20 responses occur ...

Cp

Software; Supply chain

A process capability index measuring the ratio between actual spread (upper control limit minus lower control limit) divided by allowable or expected spread as measured by ...

Theory of Inventive Problem Solving (TRIZ)

Software; Supply chain

The Russian acronym for Theory of Inventive Problem Solving, a technique that attempts to define a specific problem as a system and identify elements in the system that need ...

Wagner-Whitin algorithm

Software; Supply chain

A dynamic programming lot sizing model that evaluates multiple alternatives that consider period demand and production, holding, and setup costs to produce an optimal lot size ...

Winters 3 parameter

Software; Supply chain

A forecast method that incorporates exponential smoothing, seasonality and trend analysis.

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Software; Supply chain

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Fourier series

Software; Supply chain

A method that defines a periodic or discontinuous function as a series of sine and cosine waves, and can be used to predict a value or the level of system response.

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