Examlex
Power is defined as
Equipment Rental
Equipment rental refers to the process of leasing machinery, tools, or other equipment from a third party for a specified period of time, often as an alternative to purchasing them outright.
Predetermined Overhead Rate
A rate estimated before the accounting period begins, used to allocate manufacturing overhead to products or job orders.
Factory Overhead
The indirect manufacturing costs not directly tied to the production of a specific product, such as electricity for the manufacturing plant.
Machine Hours
A measure of the amount of time a machine is operated, used as a basis for allocating manufacturing overhead costs to products.
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