Examlex
The "four Ms" of cause-and-effect diagrams are:
Machine Hours
A measure of production time, representing the total hours a machine is operated in the production of goods.
Factory Overhead Rate
The ratio of total indirect manufacturing costs to some base, commonly used to allocate overhead costs to products.
Direct Materials
Raw materials that are directly traceable and allocate to the manufacture of specific goods or products.
Direct Labor Rate
The cost per hour for labor directly involved in manufacturing a product or providing a service.
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