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Machine-Hours
The total number of hours that machinery is operating during a certain period, often used as a basis for allocating manufacturing overhead.
Manufacturing Overhead
All indirect factory-related costs incurred while producing a product, such as utilities and salaries for management.
Direct Labor-Hours
The total number of hours worked directly on the production of goods, used as a basis for allocating overhead costs in some accounting systems.
T-Accounts
A visual representation of accounts used in double-entry bookkeeping to record debits on the left side and credits on the right.
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