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Machine-Hours
Machine-hours are a measure of the time a machine is operated within a given period, used for allocating machine-related costs to products based on usage.
Manufacturing Overhead
All production costs other than direct materials and direct labor, including costs related to running the factory.
Direct Labor Cost
The compensation given to employees directly engaged in manufacturing products or delivering services.
Manufacturing Overhead Cost
Indirect costs related to manufacturing that are not directly tied to a specific product, including utilities and maintenance of equipment.
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