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The punch-card system first used in the Jacquard loom
Plantwide Predetermined Overhead Rate
A single overhead rate calculated for an entire manufacturing plant, applied to all units produced irrespective of department or product differences.
Job-Order Costing System
A cost accounting system that assigns costs to specific production batches or jobs, useful for customized orders.
Direct Labor-Hours
The amount of labor time consumed by workers who are directly engaged in the manufacturing of products, serving as a critical factor in costing and production planning.
Forming Department
A specific section within a manufacturing facility where raw materials are shaped or formed into parts for further assembly or production processes.
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