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points eastward and vector
points southward. The resultant vector
is given by
Machine Hour
A unit of measure indicating the operating time of a machine, typically used in costing and operational efficiency calculations.
Normal Capacity
The production level expected to be achieved under normal conditions by a company, taking into account seasonal and cyclical demands.
Total Factory Overhead Cost Variance
The difference between the actual factory overhead incurred and the expected (or standard) overhead costs.
Actual Hours
The actual number of hours worked or spent on a specific task or project, compared to planned or estimated hours.
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