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Idahoan Philo Farnsworth is credited with transmitting the first TV picture electronically when he was only twenty-one years old.
Manufacturing Overhead
All indirect costs related to the manufacturing process, such as utilities, maintenance, and salaries of supervisory personnel.
Variable Manufacturing Overhead
Costs in manufacturing that vary with the level of production output, such as utilities and certain labor costs; they do not remain constant as production levels fluctuate.
Fixed Manufacturing Overhead
Represents the indirect costs associated with manufacturing that do not vary with the level of production, such as factory rent, salaries of factory supervisors, and depreciation of factory equipment.
Machine-Hours
A unit of measure representing the operating time of machines used in the production of goods.
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