Examlex
The end of the fiscal year is the best time to do strategy evaluation.
Manufacturing Overhead
All indirect costs associated with the manufacturing process, including those related to running the factory outside direct labor and materials.
Job-Order Costing System
A cost accounting system in which costs are assigned to specific jobs or orders, used in industries where goods or services are produced to order.
Machine-Hours
A measure of production time which quantifies the number of hours a machine is in operation.
Overhead Applied
The portion of overhead costs that are allocated to products or cost objects based on a predetermined overhead rate.
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