A Product Can Be in Many Different Orders

question 46

Short Answer

A product can be in many different orders.Also,each order can have many products in inventory.This is an example of a(n)________ relationship.

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Definitions:

Direct Labor-Hours

The total time workers spend producing a product or service, directly associated with the specific work on the product.

Departmental Predetermined Overhead Rates

Overhead rates calculated for specific departments within a manufacturing facility, reflecting the unique costs associated with each department's operations.

Machine-Hours

A measure of the time machines are used in the production process, often used as a basis for allocating overhead costs in a manufacturing environment.

Markup

The amount added to the cost price of goods to cover overhead and profit, expressed as a percentage of the cost.