Examlex
Which quality guru stated that "Quality is not only free, it is an honest-to-everything profi t maker."?
Standard Labor-Hours
The estimated time that should be required to complete a single unit of production, serving as a benchmark for performance and cost control.
Overhead
The indirect costs of production or operations that are not directly traceable to a specific product or job, such as utilities, rent, and administrative expenses.
Machine-Hours
A measure of production activity that quantifies the total hours a machine is operated over a specific period.
Fixed Manufacturing Overhead
Indirect production costs that remain constant regardless of the volume of production, such as salaries of managers and depreciation of factory equipment.
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