Examlex
The form of union security means that the company can hire nonunion people but those people must join the union within a prescribed period of time.
Forming Department
A section within a manufacturing facility where raw materials are shaped into products or parts.
Machine-Hour
A unit of measure representing the operation of a machine for one hour, often used in allocating manufacturing overhead.
Departmental Predetermined Overhead Rates
Overhead rates set in advance for each department, used to allocate overhead costs more accurately based on department-specific drivers.
Manufacturing Overhead
All manufacturing costs other than direct materials and direct labor, including costs such as depreciation, electricity, and salaries for managers.
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