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Definition of

direct labor cost percentage rate


product overhead attributed to labor costs an overhead absorption rate, based on labor costs, which can readily be allocated to individual units of production

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Definitions of ’direct labor cost percentage rate’ and meaning of ’direct labor cost percentage rate’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’direct labor cost percentage rate’ and other financial terms with our online QFINANCE Financial Dictionary.

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