Examlex
Direct Labor Hours
The total hours worked by employees who are directly involved in the manufacturing or production process.
Machine Hours
Machine hours refer to the total time that a machine is operated during a specific period, often used as a basis for allocating manufacturing overhead costs in cost accounting.
Units of Production
A method of depreciation that allocates the cost of an asset over its useful life based on the number of units it produces.
Departmental Overhead Rates
Specific overhead rates calculated for each department within a company, facilitating more accurate cost allocation.
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