Examlex
A tabular summary of a set of data showing the fraction of the total number of items in several classes is a
Selling Price
The selling price of goods or services to the consumer.
Variable Manufacturing Overhead
Variable manufacturing overhead comprises costs that fluctuate with production volume, such as utilities and materials used in the production process.
Fixed Manufacturing Overhead
Costs associated with production that do not vary with the level of output, such as salaries of production managers and depreciation of equipment.
Machine-Hours
A measure of production time, representing the total hours worked by machines in the manufacturing process, often used to allocate manufacturing overhead to products.
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