Examlex
The GDP of country A may be higher than that of country B because the workers in country A work more hours per week than workers in country B.
Direct-Labor-Hours
The total hours worked by employees that are directly involved in the manufacturing process.
Predetermined Overhead Rate
A rate used to apply manufacturing overhead costs to products, calculated before the production period begins based on estimated costs and activity levels.
Automated Production Line
A manufacturing process involving the use of robotics and computer-controlled equipment to perform a sequence of operations automatically.
Direct Labor-Hours
The total number of labor hours spent by workers directly involved in the production process.
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