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Machine-Hours
A measure of the amount of time that machinery is in operation, typically used as a basis for allocating manufacturing overhead costs.
Predetermined Overhead Rate
A rate used to allocate manufacturing overhead costs to products based on a predetermined formula, often involving estimated costs and activity levels.
Machine-Hours
A measure of production volume or activity based on the number of hours machines are operating.
Unused Capacity
Unused capacity represents the available but unutilized production or service capability of a company, which if used, could potentially increase output without increasing fixed costs.
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