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Factory Overhead Rate
A calculation used to allocate all indirect manufacturing costs to produced goods.
Multiple Production Department Factory Overhead Rate
A method to allocate factory overhead costs to multiple production departments based on specific measures such as labor hours or machine hours.
Fabrication Department
A specialized division within a company where raw materials are converted into components or products through various processes.
Assembly Department
A segment within a manufacturing facility where components are assembled into final products or where significant assembly work takes place.
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