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Machine-Hours
A measure of the amount of time that a machine is operated, used as a basis for allocating manufacturing overhead.
Variable Manufacturing Overhead
The portion of overhead costs that varies with production volume, including utilities and indirect labor expenses related to manufacturing.
Fixed Manufacturing Overhead
Costs in manufacturing that do not vary with the level of production output, such as salaries of managers and depreciation of factory equipment.
Machine-Hours
A metric for the amount of time a machine is operational, typically used in manufacturing processes.
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