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Machine-Hours
An indicator of the amount of work produced or activity level, determined by how many hours equipment is running.
Plantwide Predetermined Overhead Rate
A single overhead rate calculated by dividing total estimated manufacturing overhead costs by an estimated allocation base for the entire factory, often used in simpler costing systems.
Job-Order Costing System
An accounting system that assigns costs to specific jobs or batches of goods, typically used in manufacturing or service industries where each job is unique.
Direct Labor-Hours
A measurement of the time workers spend directly manufacturing a product, often used to allocate manufacturing overhead.
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