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Direct Labor Hour
The amount of time employees directly involved in manufacturing spend on producing a specific unit of output.
Factory Overhead Rates
Calculated rates used to allocate a factory's indirect costs to products being produced, aiding in determining total production costs.
Plantwide Rate
A single, uniform overhead absorption rate used throughout an entire factory or plant, applied to all units irrespective of the department in which the costs were incurred.
Product Costs
Expenses directly associated with the manufacture of a product, including materials, labor, and overhead.
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