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In Statistical Terminology, When We "Collapse Across a Factor," We

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In statistical terminology, when we "collapse across a factor," we average together all the scores


Definitions:

Manufacturing Overhead Applied

The allocation of manufacturing overhead costs to the units produced, based on a predetermined formula.

Manufacturing Overhead Rate

The ratio of manufacturing overhead costs to the base used for allocating these costs, typically used to assign overhead costs to products.

Machine Hours

A measure of the total time a machine operates, often used as a basis for allocating manufacturing overhead costs in production.

Overapplied Overhead

A situation where the allocated manufacturing overhead cost exceeds the actual manufacturing overhead cost incurred.

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