Examlex
Activity-Based Costing
A costing method that assigns overhead and indirect costs to related products and services based on the activities that generate those costs.
Direct Labor-Hours
The total number of labor hours worked by employees who are directly involved in the manufacturing process.
General Factory
An umbrella term referring to the physical location where manufacturing operations occur, encompassing all areas of production.
Activity Rate
A rate used in activity-based costing to allocate overhead costs to products or services, based on their consumption of activities.
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