Examlex
Which of the following is not associated with specific operational plans?
Machine Hour
A measure of the amount of time a machine is operated, used as a basis for allocating machine-related costs to products.
Full Cost
The sum of all costs incurred in the production of a product or service.
Fixed Overhead
This refers to the consistent, non-variable costs incurred by a business, regardless of its level of production or sales volumes.
Variable Overhead
Costs that vary with the level of production output, such as utilities for machines and indirect materials.
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