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Machine-Hours
A measure of the amount of time machines are run in the production process, used in allocating costs to products.
Manufacturing Overhead
All indirect costs associated with manufacturing, excluding direct materials and direct labor costs.
Predetermined Overhead Rate
A rate used to allocate manufacturing overhead to individual units of production, based on estimated costs and activity levels.
Machine-Hours
A measure of the amount of time machines are used in the production process, often related to allocating manufacturing overhead costs.
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