Since the product has 1,000 in-production units, overhead cost per unit is calculated as $5,100/1,000 units = $5.10 per unit. This is less compared to the $7 per unit overhead cost calculated using the traditional overhead cost allocation, but it reflects more of the actual overhead cost behaviors.
In common parlance, the term social class is usually synonymous with  socio-economic class, defined as people having the same social, economic, or educational status, e.g., the working class ; an emerging professional class..lassless society refers to a society in which no one is born into a social class. Distinctions of wealth, income, education, culture, or social network might arise and would only be determined by individual experience and achievement in such a society.
View Full Article (HTML) Get PDF (56K) Socioeconomic status (SES) is defined as a measure of one's combined economic and social status and tends to be positively associated with better health. This entry focuses on the three common measures of socioeconomic status; education, income, and occupation. I include definitions, theoretical background, and empirical support for each of these SES indicators and their relationship with health.